This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

W. R. Berkley's CEO Hosts UBS Global Financial Services Conference Call (Transcript)

W. R. Berkley Corporation (WRB)

UBS Global Financial Services Conference Call

May 8, 2012 01:40 pm ET

Executives

William R. Berkley – Chairman of the Board and Chief Executive Officer

Analysts

Brian R. Meredith – UBS Securities LLC

Presentation

Brian R. Meredith – UBS Securities LLC

All right, good afternoon, everybody. I think we’re going to get started, let people just kind of mosey on in. I’m Brian Meredith. I’m the Property Casualty Insurance analyst for UBS. Our next presenter, I believe, is the longest tenured CEO in the property Casualty Insurance industry, and actually has been through three cycle turns, which gives him an immense amount of experience and it’s really incredibly enjoyable listening to him.

Bill Berkley is the Chairman and CEO of W. R. Berkley. With us today also we have the President and COO, Rob Berkley. We’ve got the CFO, Gene Ballard, as well as the Head of Investor Relations, Karen Horvath.

And, with that, I’m going to turn it over to Bill.

William Berkley

Well, good morning. We think that this business is about creating long-term value. It really takes actual knowledge about how the business works. And unfortunately so many of the companies we see are staffed by people who have superficial knowledge who have no depth of thinking and no real experience other than in one bit of the business. We think that it requires a real understanding of all the lines of business to manage the exposure inherent in each line of business, because in fact, the risks and exposure inherent in each line is different. It isn’t all of the same.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs