Berkley

Berkley is a Fortune 500 property and casualty insurer founded in 1967, specialising in commercial lines insurance and reinsurance for businesses and individuals. The company is organised around 60 independent operating units, each focused on specific industries, products or regional markets, allowing underwriters and local teams to design tailored coverage and respond quickly to emerging risks rather than selling generalist products.

Technical work at Berkley centres on property and casualty underwriting, reinsurance, the design of specialised insurance products, risk assessment and risk management, and capital and financial strength management. Two segments operate alongside one another: a specialist insurance segment serving distinct industries and regions, and a reinsurance segment serving clients worldwide. The decentralised model is intended to combine entrepreneurial agility within each unit with the resources of a larger institution.

The company is headquartered in the United States with nationwide operations and offices in 52 cities outside the country. As of the latest reported figures, stockholders' equity stood at $13.6 billion. Member insurance companies carry an A.M. Best rating of A+ (Superior) and an S&P rating of A+ (Strong).