This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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

But all our units don’t grow at the same pace. One of the things people worry surprisingly disappointed it was that we only grew a little over a 11% in the first quarter after having grown 18% in the prior quarter. But the nature of our business is such that various businesses grow at different paces depending on what was being competitive at what point in time. And in fact some of our businesses shrank, and we’re really pleased about that, because we don’t want businesses to growth when it’s not going to be profitable.

When you look at our growth and our individual operating business, you can see they have different characteristics. They grow at different rates, they are all different, different scale, their price increases are all different, their exposure change and each of them represents what we think is opportunity out there for all of them. And we don’t think they can all behave the same way all the time. We think what they do in fact is each seek out the right opportunity to optimize where we consider our mantra risk adjusted written and we are pretty comfortable that the people who run our businesses do that.

When we look ahead our new units build the platforms that allow them to seize the opportunity. We continue to believe that we will grow when we can and we will be able to seize those opportunities. We consistently focus on being sure that we build on the long standing relationships of our people, of our company, we take the infrastructure that Berkley has developed and build and great people can come and plug in their relationships and that growth is due not because we have an objective of growth but because they seize the opportunity for profitability.

We clearly have demonstrated and this chart will look the same no matter how far back you went. We have a loss ratio that is substantially better than the industry. And it continues to be so.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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