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AM Best Assigns Issue Credit Rating to W. R. Berkley Corporation’s Recently Announced Senior Unsecured Notes

May 06, 2020 | About:


AM Best has assigned a Long-Term Issue Credit Rating of “a-” to the recently announced $300 million 4.00% senior unsecured notes, due 2050, of W. R. Berkley Corporation (WRB) (Greenwich, CT) [NYSE: WRB]. The outlook assigned to this Credit Rating (rating) is stable.





Proceeds from the sale will be used to pay at maturity WRB’s $300 million 5.375% senior unsecured notes due September 2020. WRB maintains financial leverage and coverage measures that are within AM Best’s guidelines for this rating. The existing ratings of WRB and its subsidiaries are unchanged.





This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s [url="]Recent+Rating+Activity[/url] web page. For additional information regarding the use and limitations of Credit Rating opinions, please view [url="]Guide+to+Best%26rsquo%3Bs+Credit+Ratings[/url]. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view [url="]Guide+for+Media+-+Proper+Use+of+Best%26rsquo%3Bs+Credit+Ratings+and+AM+Best+Rating+Action+Press+Releases[/url].





AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit [url="]www.ambest.com[/url].





Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200506005688/en/


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