W. R. Berkley Corporation is an insurance holding company based in Greenwich, Connecticut, USA. It was founded in 1967 by William R. Berkley, who remains involved with the company as its Executive Chairman. The company operates in the property and casualty insurance industry, providing various lines of commercial insurance products and services.
W. R. Berkley Corporation follows a decentralized business model, comprising a group of independent operating units, each specializing in different insurance lines and markets. These operating units have significant underwriting authority, which allows them to make decisions based on the specific needs and risks of their clients.
The company's insurance products cover a wide range of industries, including but not limited to construction, healthcare, transportation, energy, and professional services. W. R. Berkley Corporation's business strategy focuses on providing specialized insurance solutions tailored to the unique risks faced by businesses in various sectors.
The company's insurance subsidiaries are rated by prominent credit rating agencies, attesting to the financial strength and stability of its operations. As of the last available information, the company's subsidiaries had an A+ (Superior) rating from A.M. Best, a leading rating agency for insurance companies.
Over the years, W. R. Berkley Corporation has grown both organically and through strategic acquisitions, expanding its presence in the insurance market. The company's focus on underwriting discipline and risk management has contributed to its long-term success and ability to navigate the complexities of the insurance industry. As a result, W. R. Berkley Corporation has established itself as a respected player in the property and casualty insurance sector.