W. R. Berkley Corp.

W. R. Berkley Corp.

W. R. Berkley Corp.

Overview
Date Founded

1967

Headquarters

475 Steamboat Road,Greenwich, CT 06830-7144

Type of Company

Public

Employees (Worldwide)

7,493

Industries

Insurance: Property & Casualty
Other Insurance Services

Company Description

W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Senior Counsel & Assistant Secretary

Of Counsel & Assistant Secretary

Executive Chairman

Senior Vice President, Chief Financial Officer & Treasurer

Secretary, Executive Vice President & General Counsel

Senior Vice President-Deputy General Counsel

Chief Marketing Officer & Vice President

Chief Compliance Officer & Senior Vice President

Chief Corporate Actuary & Senior Vice President

Board of Directors

President & Chief Executive Officer at W. R. Berkley Corp.

Founder & Managing Partner at GenNx360 Capital Partners

Chief Executive Officer at The Howard Gilman Foundation, Inc.

Senior Partner at Willkie Farr & Gallagher LLP

Senior Vice President, Corporate Affairs & Communications at Eli Lilly & Company

Vice Chair for Public Policy & Special Advisor to the Founder & Chairman at Bloomberg LP

Executive Vice President for Business & Administration & Chief Financial Officer at Emory University

President & Trustee at The Luis A. Ferre Foundation, Inc.

Founding Partner at Capitol Tax Partners LLP

Former Chief Executive Officer & Director at XL Brockbank Ltd.

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Owners & Shareholders
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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth fundamental analysis is the primary basis for their investment decision making process. Atlanta Capital invests principally in traditional equity (common stocks and equivalents) and debt securities. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments they believe have unrecognized value or investment potential. For equities, high quality is generally measured by a company's demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow). Atlanta Capital operates with three distinct investment teams, Growth Equity, Core Equity and Fixed Income, each leveraging a central investment philosophy.

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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

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W.R. Berkley Corp.'s investment strategy focuses on establishing a level of cash and highly-liquid short-term and intermediate-term securities that, combined with expected cash flow, is adequate to meet their payment obligations. Due to historically low fixed maturity investment returns, the company has increasingly invested in equity securities, merger arbitrage securities, investment funds, private equity, loans and real estate related assets. W.R. Berkley also invests in investment funds and other alternative investments. The majority of W.R. Berkley's investments are in fixed maturity securities, including US government and government agencies, state and municipal securities, mortgage-backed securities, corporate and foreign government securities. Equity investments include both common and preferred stocks.

Recent Transactions
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York Insurance Services Group, Inc., Onex Partners purchase Key Risk Management Services LLC /Third Party Admin Bus from W. R. Berkley Corp.

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W. R. Berkley Corp., Berkley Capital LLC purchase Crypton LLC

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Odyssey Investment Partners LLC purchases Greenwich Aerogroup, Inc. /3 Subs from W. R. Berkley Corp.

Transaction Advisors
Auditor

Advised onW. R. Berkley Corp. issued USD Common Stock

Selling Group Member

Advised onW. R. Berkley Corp. issued USD Common Stock

Selling Group Member

Advised onW. R. Berkley Corp. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Co-Chair, Real Estate Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Willkie Farr & Gallagher LLP

Advisor

Former President of Berkley North Pacific at W. R. Berkley Corp.

Clients

Fairfax Financial Holdings Limited is a holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations. The company was founded by Oris Paxton Van Sweringen and Mantis James Van Sweringen in 1929 and is headquartered in New York, NY.

RLI is a specialty insurance company that has been successful for more than 45 years. Ours is a diversified portfolio of property and casualty coverages and surety bonds serving ‘‘niche’’ or underserved markets. We operate in all 50 states from office locations across the country. Our talented associates have delivered underwriting profits in 31 of the last 35 years, including the last 16 consecutively.

Key Stats and Financials As of 2019
Market Capitalization
$10.3B
Total Enterprise Value
$16.3B
Earnings Per Share
$3.52
Revenue
$7.81B
Net Profit
$682M
Total Debt
$2.86B
Total Equity
$6.12B
Enterprise Value Sales
2.08x
TEVNet Income
23.86x
Debt TEV
0.18x
Three Year Compounded Annual Growth Rate Of Revenue
0.6%
Five Year Compounded Annual Growth Rate Of Revenue
2.21%
Non-Profit Donations & Grants
Political Donations
Investments
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Sure, Inc. provides flight insurance services. The firm offers episodic insurance, flight insurance and purchase on demand. The company was founded by Jarod Kolman and Wayne Slavin in 2014 and is headquartered in New York, NY.

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Weather Analytics LLC provides historical, current and forecast weather conditions for various destinations in the world. Its products include gauge, beacon, dexter, atlas and API. The firm serves insurance, agriculture and government industries. The company was founded by John L. Keller, Christopher R Skarinka and Chuck Khuen in 2012 and is headquartered in Washington, DC.

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HealthEquity, Inc. provides range of solutions for managing health care accounts. The firm's offers its solutions for employers, health planbs, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.

Suppliers
Berkshire Hathaway, Inc. Power & Utilities | Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

PartnerRe Ltd. Holding Companies | Pembroke, Bmu

PartnerRe Ltd. (NYSE, Euronext: PRE) is a provider of risk-assumption solutions for the global insurance and capital markets. We provide insurance companies with multiple lines of reinsurance — property & casualty, catastrophe, specialty lines, life, and alternative risk transfer — through our offices around the world.

Alleghany Corp. Insurance: Property & Casualty | New York, NY

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations. The company was founded by Oris Paxton Van Sweringen and Mantis James Van Sweringen in 1929 and is headquartered in New York, NY.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Alleghany Corp. Other Insurance Services - New York, NY

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations. The company was founded by Oris Paxton Van Sweringen and Mantis James Van Sweringen in 1929 and is headquartered in New York, NY.

Swiss RE AG Reinsurance - Zurich, Switzerland

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend.

Awards & Honors
Rank #368
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #368
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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