| Market Capitalization (Millions $) |
27,230 |
| Shares
Outstanding (Millions) |
392 |
| Employees |
8,804 |
| Revenues (TTM) (Millions $) |
14,896 |
| Net Income (TTM) (Millions $) |
1,935 |
| Cash Flow (TTM) (Millions $) |
296 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
W. R. Berkley Corporation is a prominent insurance holding company operating primarily in the property and casualty insurance sector. Founded in 1967, it has established itself as one of the largest commercial lines writers in the United States. The companys operations are divided into three key segments:
1. Insurance-Domestic: This segment focuses on the commercial insurance market in the United States, encompassing both excess and surplus lines and admitted lines. It provides a diverse range of coverages tailored to various industries and customer needs, often through regional and specialized operating units.
2. Insurance-International: W. R. Berkley operates internationally, providing insurance solutions primarily in markets such as the United Kingdom, Continental Europe, South America, Canada, Scandinavia, Asia, and Australia. This segment leverages the companys global expertise and specialized knowledge to meet the unique demands of different regions.
3. Reinsurance-Global: In this segment, the company provides reinsurance services both on a facultative and treaty basis, with a strong presence in markets including the United States and other international locations.
W. R. Berkley Corporation employs a decentralized operation strategy, where individual operating units are positioned close to their customer base. This structure enables responsiveness to local market conditions and specific customer needs while benefiting from centralized resources, including capital management, corporate actuarial support, and risk management expertise.
The company has a strong financial standing, reflected in the high ratings from A.M. Best, with 27 of its 28 rated insurance company subsidiaries holding an A+(Superior) rating, the second-highest rating available.
W. R. Berkley’s domestic insurance sector includes a wide array of specialized underwriting units that cater to niche markets, including excess and surplus lines for complex risks, workers compensation, and professional liability insurance. The company also offers various fee-based services alongside its insurance products, including claims management and risk management consulting.
Examples of its operating units include:
- Admiral Insurance: Provides excess and surplus lines coverage for hard-to-place commercial risks.
- Berkley Accident and Health: Underwrites accident and health insurance products, targeting various market segments from small employers to Fortune 500 companies.
- Berkley Aviation: Specializes in aviation insurance products for a range of aviation risks.
- Berkley Healthcare Professional: Offers tailored professional liability insurance solutions for healthcare providers.
Overall, W. R. Berkley Corporation maintains a diverse portfolio of insurance solutions, driven by specialized knowledge and a strong commitment to understanding and meeting the evolving needs of its clients across various sectors.
Company Address: 475 Steamboat Road Greenwich 6830 CT
Company Phone Number: 629-3000 Stock Exchange / Ticker: NYSE WRB
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1.08% 
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