Another notable insider-related disclosure just hit at W. R. Berkley Corp. ($WRB).
Following the $42.5M open-market purchase disclosed earlier, Mitsui Sumitomo Insurance Co., Ltd. already a ~10% owner has returned with a second, larger add.
Latest transaction details:
• Buyer: Mitsui Sumitomo Insurance Co., Ltd.
• Shares purchased: 879,573
• Average price: $70.53
• Capital deployed: ~$62M
• Transaction type: Open market
Zooming out, this reads as repeat accumulation by the same control-capital holder, stepping back in at higher prices rather than waiting for a pullback.
Taken together, Mitsui Sumitomo has now deployed over $100M into $WRB in relatively short order.
Same buyer.
Larger size.
Higher prices.
Posting for tracking and discussion purposes only no inference on outcome.