W.R. Berkley Corporation 4.25%
WRB-PG
New York Stock Exchange16.03
USD
-0.01
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W.R. Berkley Corporation 4.25%
WRB-PG
(New York Stock Exchange)
Recent
price
16.03
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- W.R. Berkley Corporation operates as a global property and casualty insurance holding company primarily focused on commercial lines underwriting through over 55 specialized businesses that target niche markets based on industry, product, or geographic expertise. The company provides a broad array of insurance products and services, including general liability, workers compensation, commercial auto and trucking, accident and health, commercial package and business owners policies, crime and fidelity, cyber, excess and surplus, farm owners, inland marine and builders risk, management liability encompassing directors and officers liability, employment practices liability, fiduciary and crime coverages, ocean marine, products liability, products recall and contaminated products, professional liability including errors and omissions and medical professional liability, property, reinsurance, surety, umbrella and excess liability, and equine and cattle insurance; these offerings serve diverse industries such as construction, manufacturing, retail and wholesale, agribusiness, cannabis, collectibles, educational institutions, energy, entertainment and sports, environmental, financial institutions, habitational, healthcare and health services, hospitality and leisure, life sciences, museums and art galleries, non-profits and human services, professional services, public entities, technology, and transportation. Founded in 1967 and headquartered in Greenwich, Connecticut, W.R. Berkley Corporation conducts operations worldwide, including in the United States, United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia, Australia, the Asia-Pacific region, and South Africa, with its insurance company subsidiaries rated A+ (Superior) by A.M. Best and A+ (Strong) by Standard & Poor's. In a significant recent development, Mitsui Sumitomo Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, agrees to acquire approximately 15% of the company's outstanding common stock for around $3.8 billion through open market and private block transactions, with the investment expected to finalize within the 2025 Japanese fiscal year ending March 2026 and MSI nominating a board designee contingent on regulatory approvals; this strategic alliance validates Berkley's U.S. specialty insurance leadership and leverages MSI's international network for mutual growth without altering day-to-day operations.