W. R. Berkley Corporation shares rise 1.28% intraday after launching Berkley Edge unit for small to mid-sized businesses.

W. R. Berkley Corporation rose 1.28% in intraday trading, with the company announcing the formation of Berkley Edge, a new business dedicated to providing professional liability and casualty insurance for small to mid-sized businesses. This new venture focuses on addressing the needs of hard-to-place and distressed risks, offering coverage exclusively through wholesale brokers. Jamie Secor has been named president of the new business.