W. R. Berkley Corporation Completes Sale of Wholly-Owned Investment
Released : 08/11/2016
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE:WRB) today announced the
completion of the previously disclosed sale of a wholly-owned
investment, Aero Precision Industries, and certain related aviation
services businesses. As expected, the Company realized a pre-tax gain of
approximately $130 million on the sale.
Founded in 1967, W. R. Berkley Corporation is an insurance holding
company that is among the largest commercial lines writers in the United
States and operates worldwide in two segments of the property casualty
business: Insurance and Reinsurance.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160811005831/en/
For W. R. Berkley Corporation
Karen A. Horvath, 203-629-3000
Vice
President - External
Financial Communications
Source: W. R. Berkley Corporation