W. R. Berkley Completes Sale Of Property And Casualty Insurance Services Division Of Breckenridge IS, Inc.
Portfolio Pulse from Benzinga Newsdesk
W. R. Berkley Corporation has completed the sale of its Property and Casualty Insurance Services Division of Breckenridge IS, Inc. The company will recognize an estimated pre-tax net realized gain of $86 million in Q2 2023.
June 01, 2023 | 8:49 pm
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W. R. Berkley's sale of its Breckenridge IS division will result in an estimated pre-tax net realized gain of $86 million in Q2 2023.
The sale of the Breckenridge IS division will have a positive impact on W. R. Berkley's financials, as it will recognize an $86 million pre-tax net realized gain in Q2 2023. This news is directly related to the company and is likely to be seen as a positive development by investors, potentially leading to an increase in the stock price in the short term.
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