W R Berkley : 2025 Sustainability Report
WRB
Published on 06/28/2025 at 07:54
2025 Sustainability Report
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Pillar 2: Climate Risk Management
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Risk Identification & Assessment 36
Climate Change Risks 39
Climate Change Opportunities 45
Climate Change Risk
Management & Mitigation 47
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Our Sustainability Strategy
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Pillar 3: Responsibility & Transparency
Environmental, Social, & Governance ("ESG")
Framework & Three-Pillar Approach 12
Governance & How We Operate 13
Governance, Ethics & Compliance 53
Cybersecurity 57
Data Privacy Program 61
Responsible Investing 62
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Pillar 1: Human Capital & Community
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Appendices
Human Capital Management
& Governance 16
Employee Development
& Well-Being 17
Diversity, Inclusion,
& Belonging 25
Community Impact 28
TCFD Index 68
SASB Metrics 69
UN SDG Priority Mapping 71
Berkley 2025 Sustainability Report 2
Berkley 2025 Sustainability Report 2
W. Robert Berkley, Jr.
President &
Chief Executive Officer
Since its founding in 1967, W. R. Berkley Corporation has remained steadfast in its mission to create value for its stockholders by focusing on long-term risk-adjusted returns, while also seeking to meet the needs of our other stakeholders - our employees, customers, distribution partners, and communities.
Our four guiding principles-"Everything Counts, Everyone Matters®", "Always Do Right", "Act Responsibly", and "Embrace Innovation"-form the basis of our environmental, social, and governance ("ESG") framework. These values have guided our success for nearly six decades and continue to serve as our "north star" amid evolving perspectives and market dynamics.
In 2024, we focused our sustainability efforts on refining our data collection processes and preparing for evolving regulatory reporting requirements across the jurisdictions in which we operate. A key milestone was the implementation of a new ESG reporting solution, which we utilized for the first time to calculate our Scope 1 and Scope 2 greenhouse gas ("GHG") emissions. We anticipate this solution will also support our future data collection and storage, workflow management, and report building in the future.
Across the pillars of our ESG framework, we continued to make enhancements in 2024 that are intended to support our sustainability efforts in 2025 and beyond. In our Human Capital and Community pillar, we deepened our investment in talent development, employee engagement, and innovation. We reinforced our inclusive culture and continued our long-standing tradition of community involvement in the places where we live and work. In the Climate Risk Management pillar, we advanced our climate scenario analysis and are preparing our Businesses for upcoming regulatory reporting requirements. We also streamlined internal processes to enhance efficiency and consistency. We continue to assist our clients in managing the physical impacts of climate change by evolving our products and services, leveraging the expertise of our specialty Businesses. In our Responsibility & Transparency pillar, we reorganized our U.S. compliance function to provide greater subject matter expertise, enhance consistency of our policies and procedures, and proactively address an increasingly complex regulatory environment.
Every day, we work to make W. R. Berkley Corporation stronger, more agile, and more resilient. Our commitment to sustainability is an important component of our ability to deliver strong long-term risk adjusted returns to our stockholders and create value for society. We hope you enjoy learning more about
W. R. Berkley Corporation, and we thank you for your trust and support.
About W. R. Berkley Corporation
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W. R. Berkley Corporation (the "Company") is an insurance holding company founded as a small investment management firm by its Executive Chairman William R. Berkley in 1967. It is among the largest commercial lines writers in the United States and operates worldwide through over 55 insurance Businesses (collectively, "Businesses," and individually, "Business"), each focusing on a niche market that requires specialized knowledge about specific products, industries, or territories. Throughout this report, "Berkley," "we," "us," and "our" are used to refer collectively to the Company and its Businesses. With more than 8,6001 employees, we operate in two segments of the property and casualty insurance business: 1) Insurance and 2) Reinsurance & Monoline Excess.
Our specialized knowledge and customer-centric focus set us apart from others in our industry. Our culture promotes integrity, embraces our commitment to "always do right," fosters entrepreneurship and innovation, and places a high value on making thoughtful decisions with a long-term view. For more information about Berkley, please visit berkley.com.
1Includes employees of insurance Businesses and non-insurance businesses.
11.9%
88.1%
Insurance
Our Insurance Businesses underwrite predominantly commercial insurance, including excess and surplus lines, admitted lines, and specialty personal lines in the United States, the United Kingdom, Continental Europe, Latin America and the Caribbean, Canada, Mexico, Scandinavia, Asia, Australia, and India.
Reinsurance & Monoline Excess
Our Reinsurance Businesses provide facultative and treaty reinsurance, primarily in the United States, the United Kingdom, Continental Europe, Australia, the Asia-Pacific Region, Latin America and the Caribbean, and South Africa. Program
management businesses support program administrators with specialized expertise.
Monoline Excess Businesses retain risk solely on an excess basis.
ABOUT W. R. BERKLEY CORPORATION
Disclaimer
W.R. Berkley Corporation published this content on June 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 28, 2025 at 11:53 UTC.