W. R. Berkley Corp - Company Profile
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W. R. Berkley Corp (W. R. Berkley) is an insurance holding company. The company, along with its subsidiaries, offers a range of commercial lines of property and casualty insurance products in the US and international markets. The company also underwrites property and casualty reinsurance on both treaty and a facultative basis. The company distributes its products through brokers, retail and wholesale agents, and managing general agents. It serves small and mid-sized business firms and state and local governmental bodies. The company operates in North America, Latin America, Europe, and Asia. W. R. Berkley is headquartered in Greenwich Connecticut, the US.
Headquarters
United States of America
Address
475 Steamboat Road, Greenwich, Connecticut, 06830
Website
www.berkley.com
Telephone
1 203 6293000
No of Employees
8,186
Industry
Financial Services
Ticker Symbol & Exchange
WRB (NYSE)
Revenue (2022)
$12.1B
8.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
0%
(2022 vs 2021)
Market Cap*
$21.1B
Net Profit Margin (2023)
XYZ
-8.0%
(2022 vs 2021)
* As of and is in US$
W. R. Berkley Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accident and Health Insurance | Claims Services |
| Accountants Professional Liability Insurance | Administrative Services |
| Business Insurance | Consulting Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In August, Berkley Insurance Company announced its plans to invest US$6.1 million to expand its location in Henrico County, Virginia. |
| 2023 | Divestiture | In June, the company completed the sale of the property and casualty insurance services division of Breckenridge IS, Inc. |
| 2023 | New Products/Services | In January, Berkley One launched its product portfolio in Nevada and Idaho. |
Competitor Comparison
| Key Parameters | W. R. Berkley Corp | Berkshire Hathaway Inc | Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) | Swiss Re Ltd | Everest Group Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Germany | Switzerland | Bermuda |
| City | Greenwich | Omaha | Muenchen | Zuerich | Hamilton |
| State/Province | Connecticut | Nebraska | Bayern | - | - |
| No. of Employees | 8,186 | 396,500 | 42,812 | 14,719 | 2,844 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William R. Berkley | Chairman | Executive Board | 1967 | 77 |
| W. Robert Berkley Jr | President; Director; Chief Executive Officer | Executive Board | 2001 | 50 |
| Richard M. Baio | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 54 |
| Scott M. McDonough | President - Midwest Employers Casualty | Senior Management | 2022 | - |
| Lee Iannarone | Senior Vice President; General Counsel | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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