WR Berkley says FY net income off 63%
WR Berkley, the US (re)insurer, said that net income for the 2008 full year fell by 63% to $281m, down from $766m in 2007. Net operating income for 2008 was $513m, or $734m, for 2007.
Earned premiums for WR Berkley's reinsurnace book fell to $110.8m in the fourth quarter of 2008, down from $167.6m in the same period.
During the year, net earned premiums tumbled to $519.7m, down from
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