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.
Berkley Dean & Company, Inc. formed at Harvard Business School with $2,500.
Enters the insurance market through the acquisition of Houston General Insurance Company.
Union Insurance Company organized in Nebraska.
Traders & General Insurance Company acquired.
Tri-State Insurance Company of Minnesota organized in Luverne, Minnesota.
Houston General Insurance Company and Traders & General Insurance Company sold.
W. R. Berkley Corporation goes public October 19, 1973, hours before the Arab Oil Embargo is announced.
Enters the reinsurance market by organizing Signet Reinsurance Company and acquiring Reinsurance Underwriters Corporation.
Union Standard Insurance Company acquired to write business in Texas, Oklahoma and Arkansas.
WRBC institutes policy of paying a regular cash dividend.
Enters the Specialty insurance market through the purchase of Admiral Insurance Company.
Firemen's Insurance Company of Washington, D.C. acquired.
Acquired Carolina Casualty Insurance Company.
Firemen’s Habitational Division established to write coverages for high-end real estate in the Northeast.
Facultative ReSources formed to write casualty facultative reinsurance.
Nautilus Insurance Company formed to write smaller excess and surplus lines risks.
Regional operations expanded with acquisition of Continental Western Insurance Company.
Clermont Specialty Managers formed from Firemen’s Habitational Division.
Enters risk management and administration services sector forming Berkley Risk Administrators Company.
Total assets surpass the $1 billion mark, total revenues exceeded the half-billion dollar level, and net worth rises above the one-quarter billion dollar mark.
Acadia Insurance Company formed as new Regional company in Maine.
Enters the directors’ and officers’ liability insurance business with formation of Monitor Liability Managers.
Chesapeake Insurance Division of Firemen’s Insurance in Richmond, Virginia and Great River Insurance Company in Meridian, Mississippi established.
Key Risk Management Services acquired to bolster services segment’s capabilities and add critical managed care capabilities.
Expands overseas through the purchase of 80% of Independencia Insurance Company of Argentina.
Establishes Presque Isle, Berkley Surety Group, and Berkley Insurance Company of the Carolinas.
Acquires Midwest Employers Casualty Company and a controlling interest in La Union Gremail de Seguros S.A. in Argentina.
Revenues pass $1 billion mark during the year.
Vela Insurance Services formed to write contractor and liability coverage on an excess and surplus lines basis.
Berkley International acquires two additional insurance companies.
Regional companies consolidated to reduce costs, and enhance size and scale while retaining local relationships and knowledge to provide better competitive positions.
Preferred Employers Insurance Company formed to provide workers’ comp coverage for small employers in California.
Reinsurance segment withdraws from commodity-type reinsurance, such as pro-rata and property lines, to focus on specialty businesses.
Regional segment repositioned to emphasize commercial business and targeted niches and withdraws from personal lines.
W. R. Berkley Corporation lists its common stock on the New York Stock Exchange (NYSE).
Enters the medical malpractice market with the formation of Berkley Medical Excess Underwriters.
Formed Berkley Underwriting Partners and Berkley Technology Services.
B F Re Underwriters formed to underwrite casualty facultative reinsurance on a direct basis.
Admiral Excess Underwriters formed to write excess casualty.
Berkley Risk Solutions formed to provide insurance and reinsurance financial solutions to insurance companies and self-insured entities.
W.R. Berkley Insurance (Europe) Limited formed to write U.K. casualty risks.
W. R. Berkley Corporation joins the ranks of Fortune 500 in April 2004 with $3.6 billion in revenue and $1.7 billion in stockholders’ equity at year end 2003.
Berkley Specialty Underwrting Managers formed and renewal rights to a Specialty Casualty book of business acquired.
Formed Berkley Accident & Health, Berkley Aviation, Berkley Net Underwriters, Berkley Regional Specialty Insurance Company, and Watch Hill Fac Management.
Expands overseas forming Berkley Insurance Company Hong Kong Reinsurance Division, Berkley International do Brasil Seguros, S. A., and W. R. Berkley Insurance (Europe), Limited, Sucursal en Espana.
Named Best Managed Insurance Company by Forbes Magazine.
Formed Berkley Life Sciences, Berkley Select and Berkley Re Australia.
Acquired American Mining Insurance Company.
Set new record during 40th Anniversary year, earning $744 million. Total assets surpassed $16.8 billion, total revenues exceeded $5.5 billion, and net worth reached $3.7 billion.
Formed Berkley Asset Protection Underwriters
Formed Berkley Canada
Formed Berkley Professional Liability
Formed Berkley Offshore Underwriting Managers
Formed Admiral Professional Programs
Formed Berkley Agribusiness Risk Specialists
Formed Gemini Transportation Underwriters
Formed W. R. Berkley Syndicate 1967 at Lloyds
Formed Berkley North Pacific Group
Formed Berkley Oil & Gas Specialty Services
Formed Verus Underwriting Managers
Formed Berkley Re UK Limited
Formed Berkley Technology Underwriters
Formed Berkley Public Entity Managers
Formed Berkley Custom Insurance Managers
Formed Berkley Southeast Insurance Group
Formed Berkley Fire & Marine Underwriters
Formed Berkley Design Professional Underwriters