News Column

A.M. Best Assigns Debt Rating to W.R. Berkley Corporation’s Senior Unsecured Notes

August 1, 2014

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has assigned a debt rating of “a-” to the $350 million 4.75% senior unsecured notes due Aug. 1, 2044, issued by W.R. Berkley Corporation (W.R. Berkley) (Greenwich, CT) [NYSE:WRB] under its existing shelf registration. The assigned outlook is stable.

It is W.R. Berkley’s intention to use the proceeds for the repayment at maturity on May 15, 2015, of $200 million aggregate principal amount of 5.60% senior unsecured notes, and the remainder for general corporate purposes. Following this notes issue, financial leverage and coverage measures are expected to remain within A.M. Best's guidelines for the assigned rating. The ratings of W.R. Berkley’s subsidiaries remain unchanged.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit

Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best

Henry K. Witmer, 908-439-2200, ext. 5097

Assistant Vice President


Daniel Ryan, 908-439-2200, ext. 5325

Vice President


Christopher Sharkey, 908-439-2200, ext. 5159

Manager, Public Relations


Jim Peavy, 908-439-2200, ext. 5644

Assistant Vice President, Public Relations

Source: A.M. Best

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Business Wire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters