Company
W. R. Berkley Corporation
Headquarters: Greenwich, CT, United States
Founded: 1967
Employees: 7,681
CEO: Mr. William Robert Berkley Jr.
Market Cap
$20.24 Billion
USD as of July 1, 2024
W. R. Berkley Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Company Description
W. R. Berkley Corporation is a property and casualty insurance holding and reinsurance company. Headquartered in Greenwich, Connecticut, and organized in Delaware, W. R. Berkley operates commercial insurance businesses in multiple countries and regions around the world, including the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia, and Australia. It is also involved in reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region, and South Africa.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
| Company | Market Cap (USD) |
|---|---|
| The Progressive Corporation | $123.15 B |
| Chubb Limited | $102.53 B |
| Tokio Marine Holdings, Inc. | $76.18 B |
| The Travelers Companies, Inc. | $46.64 B |
| The Allstate Corporation | $41.81 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. It also provides workers' compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.
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Stocks & Indices
W. R. Berkley Corporation has the following listings and related stock indices.
Stock: NYSE: WRB wb_incandescent
Stock: FSX: WR1 wb_incandescent
Key People
Founder(s): William R. Berkley
William R. Berkley, Executive Chairman W. Robert Berkley Jr., President & CEO
Financials
Revenue: $7.691 billion (2018)
Net income: $0.640 billion (2018)
Total assets: $24.895 billion (2018)
Total equity: $5.479 billion (2018)