W. R. Berkley Corporation Announces First Quarter 2016 Catastrophe Losses

GREENWICH, Conn.--(BUSINESS WIRE)--

W. R. Berkley Corporation WRB today announced that losses from catastrophes in the first quarter of 2016 were $15.6 million, which is consistent with the Company's historical first quarter catastrophe losses. In the first quarter of 2015, the Company reported $14.5 million of catastrophe losses.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States.

This is a "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including statements related to our outlook for the industry and for our performance for the year 2016 and beyond, are based upon the Company's historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. They are subject to various risks and uncertainties, including but not limited to, natural and man-made catastrophic losses, including as a result of terrorist activities, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause actual results of the industry or our actual results for the year 2016 and beyond to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. Any projections of growth in the Company's revenues would not necessarily result in commensurate levels of earnings. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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