WR Berkley is expecting to absorb catastrophe losses of $15.6mn from the first quarter, the firm announced yesterday (21 April).
The US insurer said the figure was in line with historical first quarter losses. In the first quarter of 2015, WR Berkley reported $14.5mn of catastrophe losses.
The carrier is due to report its Q1 results on 26 April.
The announcement comes after a handful of US carriers have already disclosed Q1 cat losses following severe hailstorms in Texas earlier…Read more at The Insurance Insider