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WR Berkley reports Q3 net loss of $28m

WR Berkley Corporation, the US (re)insurer, reported net loss for the third quarter of 2008 of $28m, compared with net income of $180m, for the third quarter of 2007.

Operating income for the third quarter of 2008 dropped to $123m from $180m this time last year.

Net earned premiums for the quarter dropped to $1.055bn from $1.175bn the quarter before.

Realised

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