
The Surprising Rise of WR Berkley: How a Strategic Deal Boosted This Insurance Giant’s Fortunes
WR Berkley Corporation outperformed major indices, while Nasdaq, S&P 500, and Dow Jones experienced declines. WR Berkley’s shares surged 12.7%, driven by Mitsui Sumitomo’s acquisition of a significant 15% stake. The stock price increased from $63.24 to $71.27, underlining investor enthusiasm due