Think globally, move carefully
William R. Berkley, founder and chairman of the W.R. Berkley Corp. insurance group, said the financial turmoil in Asia may be more of a correction than a collapse, but the recovery will be long and painful, with some negative implications for the insurance industry. Berkley believes Asian insurers h...
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Published in | Best's review (Life-health insurance ed.) Vol. 98; no. 12; p. 58 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Oldwick
A.M. Best Company
01.04.1998
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Edition | Life/health insurance edition |
Subjects | |
Online Access | Get full text |
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Summary: | William R. Berkley, founder and chairman of the W.R. Berkley Corp. insurance group, said the financial turmoil in Asia may be more of a correction than a collapse, but the recovery will be long and painful, with some negative implications for the insurance industry. Berkley believes Asian insurers have not escaped the fallout and may suffer even further. In the US, Berkley said his group will continue to set up regional property/casualty companies, then run them by emphasizing service, hands-on underwriting and disciplined reserving for losses. |
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ISSN: | 0005-9706 |