WR Berkley offloads aviation investment

WR Berkley has completed the sale of wholly owned investment
Aero Precision Industries and other related aviation services.
The company recognised a $130mn gain from the sale.
On 25 July, WR Berkley reported flat operating profits of
$104.9mn for the second quarter of the year, despite its share of
significant industry catastrophe losses threatening to put pressure
on the combined ratio.
The $0.82 per share result was ahead of Wall Street
analysts' consensus estimate of $0.77 a share.
The combin