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Fitch affirms W.R. Berkley
Fitch Ratings said it affirmed all ratings for W.R. Berkley Corp. and related operating subsidiaries.
These ratings include Berkley's A- issuer default rating, as well as its senior debt, subordinated debt and insurer financial strength ratings. The outlook is stable.
Fitch said its rating affirmation reflects Berkley's favorable long-term financial results, modest exposure to catastrophe losses and its strong underwriting culture and niche market positions in several lines, partially offset by average capitalization and relatively high financial leverage.
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