Key Developments: W. R. Berkley Corp (WRB)
42.58USD
17 May 2013
$0.22 (+0.52%)
$42.36
$42.57
$42.85
$42.29
771,345
507,617
$45.59
$36.08
Latest Key Developments (Source: Significant Developments)
W. R. Berkley Corp Announces Pricing Of $350 Million Of 5.625% Subordinated Debentures Due 2053
W. R. Berkley Corp announced that priced an offering of $350 million aggregate principal amount of 5.625% Subordinated Debentures due 2053 (the Debentures). The offering is expected to close on May 2, 2013, subject to customary closing conditions. The Company intends to apply to list the Debentures on the New York Stock Exchange under the symbol "WRB PR B." The net proceeds of the offering will be used to repay $250 million aggregate principal amount of the Company`s 6.750% Subordinated Debentures due 2045, with the remainder for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are joint book-running managers of the offering. Full Article
W. R. Berkley Corp Declares Dividend
W. R. Berkley Corp announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 9 cents per share to be paid on April 9, 2013 to stockholders of record at the close of business on April 1, 2013. Full Article
W. R. Berkley Corp Declares Special Dividend
W. R. Berkley Corp announced that its Board of Directors has declared a special cash dividend on its common stock of $1.00 per share. The special dividend will be paid on December 31, 2012 to stockholders of record at the close of business on December 24, 2012. The special dividend is in addition to the previously announced regular quarterly cash dividend of 9 cents per share to be paid on December 20, 2012 to stockholders of record at the close of business on December 4, 2012. Full Article
W. R. Berkley Corp Declares Dividend
W. R. Berkley Corp announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 9 cents per share to be paid on December 20, 2012 to stockholders of record at the close of business on December 4, 2012. Full Article
W. R. Berkley Corp. Declares Dividend And Increases Share Repurchase Authorization
W. R. Berkley Corp. announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.09 per share to be paid on October 2, 2012 to stockholders of record at the close of business on September 12, 2012. In addition, the Board of Directors has increased the Company’s share repurchase authorization back to its previous level of 10 million shares of common stock. The 10 million share repurchase authorization represents approximately 7% of the Company’s shares outstanding at June 30, 2012. Repurchases may be made from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors. Full Article
W. R. Berkley Corp. Increases Dividend By 12.5%
W. R. Berkley Corp. announced that its Board of Directors has voted to increase the cash dividend to an annual rate of 0.36 per share, representing a 12.5% increase from the present rate. The first quarterly dividend at the new rate of $0.09 per share will be paid on July 3, 2012 to stockholders of record at the close of business on June 12, 2012. Full Article
W. R. Berkley Corp. Forms Marine Division Of Berkley Offshore Underwriting Managers, LLC
W. R. Berkley Corp. announced the formation of a new marine division of its Berkley Offshore Underwriting Managers operating unit. Through its New York office, Berkley Offshore will underwrite a full spectrum of marine hull and liability coverages to brownwater vessel operators, ports, terminals and other marine entities based in the United States and Canada. Full Article
W. R. Berkley Corp. Forms Berkley Public Entity Managers, LLC
W. R. Berkley Corp. announced the formation of Berkley Public Entity Managers, LLC. Berkley Public Entity Managers will offer coverages to self-insured public entities -- individual and groups. Berkley Public Entity Managers will underwrite on behalf of W. R. Berkley Corporation member insurance companies rated A+ (Superior) by A.M. Best Company, Inc. and will be headquartered in Philadelphia, Pennsylvania. Full Article
W. R. Berkley Corp. Announces Pricing Of $350 Million Of 4.625% Senior Notes Due 2022
W. R. Berkley Corp. announced that it priced an offering of $350 million of 4.625% Senior Notes due 2022. The net proceeds of the offering will be used for general corporate purposes, including the repayment of indebtedness. Closing of the offering is expected on March 16, 2012. Merrill Lynch, Pierce, Fenner & Smith Incorporated is active book-runner and Goldman, Sachs & Co. and Wells Fargo Securities, LLC are joint passive book-runners of the offering. Full Article
W. R. Berkley Corp. Declares Dividend
W. R. Berkley Corp. announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.08 per share to be paid on April 3, 2012 to stockholders of record at the close of business on March 21, 2012. Full Article
Fitch Affirms W.R. Berkley's Ratings; Outlook Stable
(The following statement was released by the rating agency) CHICAGO, March 22 (Fitch) Fitch Ratings has affirmed all ratings for W.R. Berkley Corporation (Berkley) and its related property/casualty operating subsidiaries. These ratings include Berkley's 'A-' Issuer Default Rating (IDR), as well as its senior debt, subordinated debt, and Insurer Financial Strength (IFS) ratings. A complete list of rating actions follows at the end of this release. The Rating Outlook is Stable. KEY RATING DRI
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