W. R. Berkley Corp. hasn’t had a sizable acquisition for several years, and some suggest that’s because the company is “cautious and cheap,” W. R. Berkley President and Chief Executive Officer Robert Berkley said during a conference on Wednesday.
Acquisitions are a complex undertaking, Berkley said, and the company has instead focused on organic growth. Though the word “cautious” may apply to the insurer, he disputed the notion that the company is “cheap.”
“We’ve seen this time and time again in the industry,” Berkley said...
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