Japanese insurer Mitsui Sumitomo completes 15% investment in W.R. Berkley
Mitsui Sumitomo Insurance has completed its acquisition of 15% of W. R. Berkley Corporation’s common stock.
All shares were purchased on the secondary market from public shareholders. The Berkley Family and business did not sell any of its shares.
The Japanese insurer first signed up to buy the shares in March last year and the deal was always anticipated to complete by March this year.
RelatedMitsui Sumitomo to buy 15% stake in W.R. BerkleyJapanese insurer Mitsui Sumitomo Insurance has signed up to buy 15% of the shares in New York Stock Exchange listed W.R. Berkley Corporation.
W.R. Berkley, founded
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