W. R.
Berkley Corporation announced Thursday that it has successfully closed its previously-announced sale of a wholly-owned investment, as well as other aviation services-related businesses.
The wholly-owned investment in question was Aero Precision Industries.
Terms of the transactions were not disclosed.
For closing the sales, W. R. Berkley Corporation earned a pre-tax gain of roughly $130 million.
W. R. Berkley Corporation was founded in 1967. The insurance holding company is one of the premier commercial lines writers in the United States. The company also operates worldwide in property casualty insurance and reinsurance.
Recently, the company had opened an Asian commercial lines business unit, with locations in Hong Kong and Singapore offering specialty commercial insurance coverages.
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