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WR Berkley's Q1 remains flat

W. R. Berkley, the US insurer, said that first quarter net income was flat at $188m the same as it was in the first quarter of 2007. Operating income for the first quarter of 2008 fell to $153 million from $184 million for the corresponding quarter of 2007.

Net written premiums for the quarter fell to $1.16bn, down from $1.26bn in the first three months of 2007.

Net investment income fell to $144.5m, down from $165.4m.

Net written premiums for WRB's

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Iran missile strikes spark risk repricing

The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.

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