Rob Berkley calls 82% retention ratio ‘an invitation to pursue additional rate’
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Rob Berkley calls 82% retention ratio ‘an invitation to pursue additional rate’

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WR Berkley (WRB) president and CEO Rob Berkley said the company’s 82% renewal retention ratio has been an invitation “to keep pursuing additional rate” as the specialty carrier kept its portfolio “intact” while achieving rate growth.

“Based on our macro measurements, we're charging just shy of 2% more for new business relative to renewal business,” the executive said during the company’s Q1 earnings call with analysts.

Berkley’s

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