Re/insurance holding company W. R. Berkley Corporation has posted record underwriting income of $274.4 million for the first quarter of the year.
The company’s net income similarly more than doubled from $229.5 million to $590.6 million, while operating income moved from $201.8 million to $306.9 million.
During Q1, net premiums written also grew by nearly 18% as the majority of W.R. Berkley’s businesses expanded, particularly in the E&S and specialty markets.
