W. R. Berkley Corporation

Company Profile

Company Profile: Berkley North Pacific is a regional, commercial insurance provider servicing business in the Northwest. With local leadership, conversational underwriting, as well as consultative risk management and claims services, they are we truly are a relationship driven company. Partnering with a select group of Independent Agents they pride themselves on the ease of doing business.

Berkley North Pacific is part of W. R. Berkley Corporation®. 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 and has the expertise and resources to utilize their strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

W. R. Berkley Corporation’s® competitive advantage lies in a long-term strategy of decentralized operations, allowing each of their 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 them to attract and retain the highest caliber professionals.

Milestones:

1967 – Berkley Dean & Company was formed, precursor to W. R. Berkley Corporation.
1972 - Acquires Houston General Insurance Company and enters the insurance market.
1973 – Union Insurance Company organized and General Insurance Company acquired.
1973 – W.R. Berkley Corporation goes public, organizes Tri-State Insurance Company and acquires Union Standard Insurance Company.
1975 - Acquires Signet Reinsurance Company and acquires reinsurance Underwriters Corporation.
1979 - Acquires Admiral Insurance Company and enters the specialty insurance market.
1982 - Acquires Fireman’s Insurance Company of Washington, D.C.
1985 - Acquires Carolina Casualty Insurance Company, establishes Fireman’s Habitational Division to write coverages for high-end real estate in the northeast and forms Nautilus Insurance Company to write smaller excess and surplus lines risks.
1986 - Acquires Continental Western Insurance Company and forms Berkley Risk Administrators Company entering the risk management and administration sector.
1987 – Total assets surpass the $1 billion mark.
1990 – Forms Monitor Liability Managers and Enters the Directors’ and Officers’ business.
1994 – Acquires 80% of Independencia Insurance Company of Argentina.
1995 - Berkley Surety Group and Berkley Insurance Company of the Carolinas established.
2000 – Regional companies were consolidated to reduce costs, enhance size and scale, and to provide better competitive positions, while maintaining operations close to the customer.
2004 – Joins the ranks of the Fortune 500.
2007 – Named Best Managed Insurance Company by Forbes Magazine.
2008 – 2013 – Continued to expand through the creation of new businesses such as Berkley Asset Protection, Berkley Canada, Berkley Professional Liability, Berkley Agribusiness, Berkley North Pacific Group, Berkley Oil and Gas, Berkley Technology Underwriters, Berkley Public Entity Managers and Berkley Southeast Insurance Group.
2015 – Forms Berkley Construction Professional Liability and Global Product Recall.
2016 – Announced entry into High End personal lines market with Berkley One.
2017 – Marks 50 th Anniversary.

Financial Stability:

W. R. Berkley Corporation® is rated by A+ by A.M. Best, A+ by Standard & Poor’s.
The business is operated with an ownership perspective and a clear sense of fiduciary responsibility to shareholders. Risk exposures are managed proactively. A strong balance sheet, including a high-quality investment portfolio, ensures ample resources to grow the business profitably whenever there are opportunities to do so.
2016 Direct written premium was more than $5.7 billion.

Employee and Customer Oriented:

W. R. Berkley Corporation® trademarked phrase “Everything counts – Everyone matters”:
Values the diversity of perspective, talent and experience that employees bring to the organization and utilizes consistent and objective standards to measure performance.
Provides a diverse workforce that reflects communities and clients and fosters innovation and creativity that empowers employees to positively contribute to the company’s success. At the heart of their inclusion efforts is the development of talent within the organization that will perpetuate the company’s culture and philosophy.
Shows commitment to developing the next generation of insurance professionals to continue the work of providing creative solutions to the insurance needs of clients. To this end, various operating units are involved in organizations that promote young people in insurance, while others offer programs for mentoring, interning and coaching.

Company Highlights:

W. R. Berkley Corporation® combines the expertise of underwriting, risk management, claims handling and investing to deliver outstanding risk-adjusted returns.
New businesses are started when opportunities are identified and, most importantly, when the right talent is found to lead a business. Of the Company's 51 operating units, 44 were developed internally and seven were acquired.
Participates in programs that encourage recycling and the conversion to paperless operations. Redesigning or consolidating space, reusing materials, installing more energy efficient systems and changing practices to be more environmentally friendly and reduce their footprint.
From local food banks to disaster relief efforts throughout the world to the creation of a charity dedicated to helping the children of injured workers, they embody a culture of doing the right thing and giving back to the communities they serve.

Industry Rankings:

W. R. Berkley Corporation® is the 22 nd largest Property and Casualty Insurer/Group in the United States based upon 2018 revenue.
Ranks 369 th on the current Fortune 500 list of largest corporations in the United States.
19 th largest writer of Medical Professional Liability coverage in the United States.
12 th largest writer of Workers’ Compensation Auto coverage in the United States.
9 th largest writer of Commercial General Liability coverage in the United States.
16 th largest writer of Commercial Auto coverage in the United States.
Named to the 2018 Ward’s 50® list of top performing property casualty insurance companies.
Named a Five-Star Carrier on Insurance Business America’s Brokers on Carriers’ report. Berkley earned a five-star ranking in all 10 survey categories ranging from underwriting expertise to claims processing to commitment to broker distribution channel.

www.berkleynpac.com

(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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