W.R. Berkley Profit Slips 8.8% in 2017

W.R. Berkley Corp. has reported fourth quarter net income of $154 million, a 1.2% increase from $153 million in the fourth quarter of 2016. For the full year, net income was $549 million, an 8.8% decrease from $602 million in 2016. Catastrophe losses in the fourth quarter totaled $17.7 million for insurance and reinsurance combined; about $8 million of that was from the California wildfires, the company said in a news release. For the full year, catastrophe losses were $184 million, up from $105 million in 2016. Workers’ compensation net premiums written were $330 million for the four...