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Fly News Breaks for August 7, 2018
WRB
Aug 7, 2018 | 09:02 EDT
Credit Suisse analyst Michael Zaremski started W. R. Berkley with a Neutral rating and $78 price target. The analyst believes the company's healthy and stable margins combined with its peer leading investment returns are" the envy of the commercial insurance industry." But similar to most commercial insurers, reserve release levels have been falling, he notes, adding that its 1H18 releases were the company's lowest level in more than five years.