Berkley exited Personal Lines in 2001, (not 1999 as stated in the interview)making the decision about 1 month after the 9/11 WTC attack. They saw opportunity to make hay in commercial lines and needed to free up capital.
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Berkley exited Personal Lines in 2001, (not 1999 as stated in the interview)making the decision about 1 month after the 9/11 WTC attack. They saw opportunity to make hay in commercial lines and needed to free up capital.
Funny about Berkley, they exited just before personal lines became profitable for everyone that stayed the course in 03, 04, 05, 06 & 07.