74/100BWR Berkley company profile
- CEO
- William Robert Berkley Jr.
- Employees
- 8,804
- Headquarters
- 475 Steamboat Road, Greenwich, CT 06830, US
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- IPO date
- 23 Oct 1973
- Stock exchange
- NYSE
- ISIN
- US0844231029
Website:berkley.com
About the company
W. R. Berkley Corporation functions as an insurance holding company, primarily underwriting commercial policies across the United States and globally. Its extensive operations are divided into two principal divisions: Insurance, and Reinsurance & Monoline Excess. The Insurance segment delivers a wide spectrum of commercial insurance solutions. This includes foundational coverages such as general liability, property, commercial auto, and professional liability, alongside specialized offerings like workers' compensation, environmental policies for diverse businesses, directors and officers (D&O) liability, cyber risk protection, and niche policies for fine arts and jewelry. The segment also extends to personal lines, providing home and automobile insurance, and specialized liability products for sectors such as law enforcement and public officials. Additionally, it offers accident and health insurance, group life, and crime and fidelity products, coupled with risk management and alternative risk program services. The Reinsurance & Monoline Excess segment focuses on assisting other insurance carriers and self-insured entities in effectively managing their overall risk exposure. This is accomplished through both treaty reinsurance, which handles portfolios of policies, and facultative reinsurance, designed for individual risks. Founded in 1967, W. R. Berkley Corporation is headquartered in Greenwich, Connecticut.
Employees
WR Berkley had about 8,804 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 2.3% more than a year before.
Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.
Who owns WR Berkley
Institutions such as funds, banks and insurers held 71.6% of WR Berkley's shares on 30 June 2026, 962 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
How WR Berkley pays its executives
The chief executive was paid 16.82M USD for fiscal 2025, 23% of it in shares and options.
| Name and position | Salary | Bonus | Stock awards | Cash incentive | Other pay | Total pay |
|---|---|---|---|---|---|---|
| William R. Berkley Executive Chairman | 1.10M USD | — | 3.85M USD | 11.18M USD | 925.34K USD | 17.05M USD |
| W. Robert Berkley, Jr. President and Chief Executive Officer | 1.10M USD | — | 3.85M USD | 11.18M USD | 700.00K USD | 16.82M USD |
| Philip S. Welt Executive Vice President — | 742.10K USD | — | 632.50K USD | 1.66M USD | 99.26K USD | 3.13M USD |
| Richard M. Baio Executive Vice President — Chief Financial Officer | 742.10K USD | — | 632.50K USD | 1.66M USD | 94.21K USD | 3.13M USD |
| Lucille T. Sgaglione Executive Vice President | 742.10K USD | 1.10M USD | — | 366.05K USD | 101.41K USD | 2.31M USD |
| James G. Shiel Executive Vice President — Investments | 742.10K USD | — | — | 1.47M USD | 99.26K USD | 2.31M USD |
FY2025 · From the company's proxy statements to the SEC: what each named executive was paid for the fiscal year, shares and options at their value when granted. The latest filing
Common questions about WR Berkley
Source: Financial Modeling Prep