WR Berkley profits hold steady

WR Berkley has reported flat net income per share of $0.85 in the
second quarter as its underwriting result was almost unchanged
year-on-year.
The US special insurer posted a headline combined ratio of 95.1
percent, just 20 basis points worse than the year-ago period, while
net investment income ticked up by 4.8 percent to $135mn.
Janney analyst Larry Greenberg said that operating earnings per
share were $0.64 compared to his $0.70 estimate, with the shares
likely to have a negative...