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W. R. Berkley Corp.

WRB.US | Non-life insurance

W. R. Berkley Corporation is an insurance holding company that operates through various segments, including domestic and international specialty insurance businesses. The company provides commercial insurance products and services, such as property, casualty, and liability coverage. It caters to a w...Show More

Ethical Profile

Mixed.

W. R. Berkley Corp's ethical standing presents a mixed picture. The company faced a 2021 lawsuit alleging discriminatory remarks and retaliation, with some reports suggesting issues with workplace diversity and micromanagement. However, WRB's Code of Ethics emphasizes inclusion, and it has a formal policy to reach a 75% living wage within two years. In cybersecurity, a subsidiary, Overby-Seawell Company, experienced a data breach compromising banking client data, despite WRB investing 2-3% of revenue in cybersecurity, above the industry average. Environmentally, the company allocated $30 million to green technologies and $50 million to sustainability initiatives in 2024.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-30
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities20
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

W. R. Berkley Corporation's core business involves providing various insurance products and services. While its primary insurance offerings are financial instruments, some services provide modest health benefits.

1
Berkley Medical Management Solutions, a division of the company, focuses on improving injury outcomes for injured workers through data-driven services, including medical bill review, clinical services, and a proprietary network of healthcare providers.
2
Additionally, workers' compensation programs aim to reduce exposures and deliver better care and recovery for injured employees.
3
The company's products do not have direct safety implications, health risks requiring disclosure, or addiction potential. As an insurance company, it does not offer health-related products with production costs, hold healthcare-related patents, produce food or nutritional products, or conduct clinical trials.

Fair Money & Economic Opportunity

0

No evidence available to assess W. R. Berkley Corp on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

The provided articles do not contain specific, quantifiable data points required to assess W. R. Berkley Corp against the defined KPIs for Fair Pay & Worker Respect. While the 2023 proxy statement mentions that median employee compensation is calculated, specific figures for the CEO-to-median-employee pay ratio are not disclosed.

1
An Interfaith Center on Corporate Responsibility resolution requests future reporting on DEI effectiveness with quantitative metrics, but this is not current evidence of pay equity.
2
A 2021 lawsuit alleges discriminatory remarks and retaliation, but the rubric requires *substantiated* labor-law violations, which is not confirmed by the article.
3
Employee reviews offer qualitative feedback on culture and DEI, but no formal engagement scores or turnover rates are provided.
4
Legal cases regarding employment agreement enforceability do not constitute substantiated labor violations by the company.
5

Fair Trade & Ethical Sourcing

0

W. R. Berkley Corporation operates as an insurance provider and does not engage in the direct procurement or trade of physical commodities.

1
Consequently, KPIs related to fair-trade certifications, supplier audits for physical goods, upstream labor practices, supply chain traceability for materials, remediation of material supply chain violations, and spend on high-risk materials are not applicable to its direct business operations.
2
For these KPIs, the company scores N/A. While a subsidiary, BIC Australia branch, includes modern slavery warranty clauses in certain service contracts, no specific percentage of contracts covered by such clauses is provided.
3
No data is available regarding the percentage of procurement budget directed to diverse suppliers.
4

Honest & Fair Business

0

No evidence available to assess W. R. Berkley Corp on Honest & Fair Business.

Kind to Animals

0

W. R. Berkley Corporation is an insurance holding company, a service-oriented business. Its operations do not involve animal-derived products, animal testing, animal husbandry, or animal agriculture. While the company engages in environmental stewardship and manages climate change risks that can indirectly affect wildlife habitats, there is no specific information available on initiatives directly related to animal welfare or ethical farming practices.

1
Therefore, all KPIs related to animal welfare are not applicable to its business model.
2

No War, No Weapons

-30

W. R. Berkley Corporation maintains an investment exclusion list that acts as a divestment policy for companies associated with or producing banned weapons

1
, and countries identified by the U.S. Treasury Department’s Office of Foreign Asset Controls (OFAC)
2
. The company complies with OFAC trade sanctions programs, which prohibit commercial activities with sanctioned entities
3
. This exclusion list functions as codified ethical red lines for investments
4
. More than 99% of the investment portfolio satisfies these ESG exclusionary criteria
5
, with 100% of assets under internal management evaluated against them
6
.

Planet-Friendly Business

0

In 2024, W. R. Berkley allocated $50 million to sustainability initiatives

1
and committed $30 million to green technologies and renewable energy projects
2
. The company promotes recycling, paperless operations, and energy efficiency in its facilities
3
, supporting employee recycling
4
and donating refurbished computer equipment
5
. Its subsidiary, Berkley Renewable Energy, provides specialized insurance for the renewable energy sector
6
, and the company offers loss control options to policyholders to mitigate climate change-related risks
7
. However, the provided articles do not contain specific, quantifiable data points required to score any of the defined KPIs.

Respect for Cultures & Communities

20

W. R. Berkley Corporation maintains a worldwide, multilingual EthicsLine, available 24/7 for employees, contractors, customers, and suppliers to report legal or ethical concerns.

1
Reports are typically responded to within 24 hours of receipt.
2
All reports have been reviewed, investigated, and closed.
3
This framework, alongside Diversity, Inclusion, and Belonging (DIB) efforts and a "Crucial Conversations Training Program," demonstrates proactive prevention and rapid response to ethical concerns. The company reported no cultural appropriation incidents.
4
In 2023, W. R. Berkley Corporation mentioned partnerships with nine local community organizations, including Step Up for Students and Feeding Northeast Florida.
5
Due to the nature of its insurance business, specific cultural impact assessment protocols, cultural site protection, and Free, Prior and Informed Consent (FPIC) processes are not applicable. The company engages in general charitable giving and community support, but does not specifically focus on cultural heritage organizations. While the EthicsLine is multilingual.
6
broader language inclusivity in products and communications is at basic industry standard levels. Employees complete comprehensive annual and ethics training at a 100% rate.
7
but specific cultural sensitivity training completion rates are not provided.

Safe & Smart Tech

0

W. R. Berkley's insurance subsidiaries in New York comply with state cybersecurity regulations, including NAIC's Cybersecurity Model Law, as of the end of 2022.

1
The company has implemented measures to protect data and IT systems, acknowledging that no safeguards are perfect.
2
A subsidiary, Overby-Seawell Company, suffered a cyber attack that compromised data from banking clients
3
, but the scale of this breach (number of users affected) is not provided. W. R. Berkley formed Berkley Cyber Risk Solutions in 2016 to focus on cyber insurance and risk management products
4
, and Berkley Re Solutions offers a Family Cyber Protection™ solution.
5
In March 2025, the company announced Berkley Embedded Solutions, aiming to integrate advanced technology.
6
Berkley Crime has also highlighted the growing threat of AI-driven cyberattacks.
7

Zero Waste & Sustainable Products

-30

W. R. Berkley has implemented multiple waste reduction initiatives across its operations. Several offices have eliminated the use of Styrofoam cups and single-use plastic water bottles, encouraging reusable alternatives.

1
The company promotes recycling programs
2
and has transitioned to paperless operations, accelerating a "digital first" approach with e-signature platforms and digital workflow solutions to reduce printed paper use.
3
Many offices utilize sensor-enabled bathroom fixtures for water conservation
4
and are equipped with motion sensors and LED lighting for electricity efficiency.
5
Other energy-saving measures include light filtering blinds and participation in demand response programs in New York City offices.
6
The company also consolidates office spaces to reduce environmental impact
7
and procures ENERGY STAR certified equipment, including copiers, multifunction devices, and desktop/laptop computers.
8
Additionally, some offices have upgraded HVAC systems,
9
and community recycling bins are provided for items like eyeglasses and batteries.
10
Computer equipment is also refurbished for donation to charities.
11

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.