W. R. Berkley Corporation Celebrates 50 Years
Released : 04/17/2017
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE:WRB) today celebrates the 50th
anniversary of its founding in 1967. The Company was started with an
initial investment of $2,500 and a fundamental understanding that
providing customers with a service based on specialized knowledge and
expertise, combined with appropriate risk-taking, would deliver
outstanding long-term value to shareholders. The Company has grown to a
market capitalization of nearly $9 billion and has distributed $4.2
billion of cash to its shareholders. Today, W. R. Berkley Corporation is
a leading property casualty commercial lines writer, operating worldwide
with $7.7 billion in annual revenue, more than $23 billion in total
assets and over $5 billion in stockholders’ equity. The Company will
mark this anniversary with events at its various worldwide locations.
Commenting on the achievement, William R. Berkley, founder and executive
chairman, said, “Starting in the investment management business and
evolving into a global property casualty enterprise, W. R. Berkley
Corporation has always focused on optimizing risk-adjusted return. We
understand that companies will only excel with great people and a value
proposition that meets the needs of their customers. We have had that
vision for the last 50 years thanks to our people, and we will continue
to maintain the same perspective in the future. Our success is a
reflection of the collective efforts of our employees, agents, brokers,
and the many people who have contributed their advice and capital to our
enterprise. We want to thank all those who have joined us on this
journey.”
Celebrating 50 years, W. R. Berkley Corporation is an insurance holding
company that is among the largest commercial lines writers in the United
States and operates worldwide in two segments of the property casualty
business: Insurance and Reinsurance. For more information, please visit www.wrberkley.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170417005883/en/
W. R. Berkley Corporation
Karen A. Horvath, 203-629-3000
Vice
President - External
Financial Communications
Source: W. R. Berkley Corporation