WR Berkley makes $120mn gain on property sale

WR Berkley said it expects to book a gain
of about $120mn in the third quarter following the sale of a piece
of Washington DC real estate.
The gain will be booked pre-tax and comes on top of about $22mn
in pre-tax earnings related to the property in earlier years, the
Greenwich, Connecticut-based carrier said.
"The sale is in keeping with the company's long-term
strategy of investing for total return in order to continue
delivering superior long-term value creation to...