WR Berkley Analysis – The Rare Combination Of Both Able Operators And Allocators
We buy back stock when we think it’s attractively priced relative to our assessment of the intrinsic value of the enterprise. – Robert Berkley on the 1Q2020 conference call. The business: WR Berkley (NYSE: WRB) is an insurance and reinsurance company. Their biggest line of insurance is excess and surplus lines and specialty insurance. These…