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S&P moves W.R. Berkley view to positive
S&P said it revised its outlook on W.R. Berkley Corp. to positive from stable and affirmed the BBB+ issuer credit rating.
On Nov. 15, the agency published its revised criteria for analyzing insurers' risk-based capital.
“The positive outlook reflects W.R. Berkley Corp.'s improved capital adequacy and overall credit fundamentals under the new capital criteria framework. It also considers our view of the low volatility and momentum of the company's profitability, coupled with balance sheet strength comparable to higher-rated peers which could lead to a potential upgrade,” S&P said in a press release.
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