AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of 'a-' (Excellent) for W. R. Berkley Corporation. Concurrently, the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of 'aa-' (Superior) for Berkley Insurance Company and its subsidiaries were also affirmed.
The positive outlook for the Long-Term ICR reflects the Berkley Group's favorable operating performance and strong balance sheet metrics. AM Best noted that the group has organically grown its GAAP surplus over the most recent 10-year period and improved its financial leverage.
These ratings underscore W. R. Berkley's robust financial health and disciplined management. The affirmation provides external validation of the company's capacity to meet its financial obligations and its strong competitive position in the insurance market.
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