WR Berkley profit falls 27% after $119mn cat hit

WR Berkley's net income fell 27 percent to $162.1mn, or
$1.26 a share, in the third quarter as it reported catastrophe
losses of $119mn.
The carrier said that $107mn of those losses related to
Hurricanes Harvey, Irma and Maria, and the earthquakes in
Mexico.
The firm had already announced that it expected claims from the
events to come in at less than $110mn for the third quarter.
"In light of significant catastrophe activity in the third
quarter, we were pleased...