Berkley Small Business Solutions

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  • Berkley Small Business Solutions

    The Power of Berkley

    Berkley Small Business Solutions is one of the 50+ (re)insurance businesses worldwide that comprise the Berkley brand. Berkley is one of America’s largest commercial lines property casualty insurance providers, operating worldwide within two segments of the P&C insurance business: Insurance and Reinsurance & Monoline Excess. Each business offers expertise within an industry, product, or region.

     

    Berkley Small Business Solutions is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500. W. R. Berkley Corporation’s insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s.

     

    Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business—the ability to identify and respond quickly and effectively to changing market conditions and local customer needs. It also provides our Berkley businesses with the strength and resources of a Fortune 500 organization as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.

     

    Berkley Small Business Solutions is a member of W. R. Berkley Corporation; a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500, and one of America’s largest commercial lines property and casualty insurance providers. Being a member of Berkley offers our customers peace of mind with a small business approach that delivers quality products with an individualized touch.

     

    What we offer to business owners

    We were founded to protect our customers from the unknown, so they can grow their business and focus on what they love. Access our online resources to find out what we can offer to your business.

     

    Why Berkley Small Business Solutions

    • Experience
      • As a member of Berkley, we are part of an insurance enterprise with over 75 years-experience insuring commercial trucking risks.
    • Excellence
      • As a member of Berkley, we are part of an insurance enterprise that is one of the 10 largest writers of commercial auto risks in the United States.
    • Stability
      • Berkley Small Business Solutions is a member of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s.

  • News Releases

    Strategic Stake: Mitsui Sumitomo Boosts W.R. Berkley With 15% Investment

    W.R. Berkley Corporation (WRB) saw its stock surge to an all-time high following news that Japan’s Mitsui Sumitomo Insurance will acquire a 15% stake in the company. The move signals a significant vote of confidence in the U.S.-based insurer and strengthens ties between the two firms.

    Mitsui Sumitomo plans to purchase the shares through open-market transactions or third-party deals without acquiring stock directly from W.R. Berkley or the Berkley family. The Berkley family, which holds around 16% of the company’s common stock, will retain its full position and continue to occupy two board seats.

    Under the agreement, Mitsui Sumitomo will align its voting with the Berkley family once it reaches a 4.9% ownership threshold. At 12.5%, the family will support the nomination of a Mitsui representative to the board. The partnership is not expected to impact W.R. Berkley’s day-to-day operations.

    The acquisition is projected to be completed by March 2026, pending regulatory approval. WRB stock rose 7.5% on the news and has gained nearly 22% year-to-date. The company now ranks seventh in the high-performing property and casualty insurance group tracked by Investor’s Business Daily.

    Stay informed and ahead of the curve — explore more industry insights and program opportunities at ProgramBusiness.com.
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    Berkley Re Expands Reinsurance Offerings With Turnkey Solutions Division

    Berkley Re has introduced Berkley Re Turnkey Solutions, a new division focused on providing reinsured turnkey solutions to carriers, managing general agents (MGAs), program administrators (PAs), and insurtech firms. The initiative aims to broaden Berkley Re’s reinsurance portfolio with scalable solutions supported by industry expertise.

    Comprehensive Insurance Solutions

    The division will cater to both commercial and personal insurance lines, offering coverage in several specialized areas, including:
    • Cyber insurance – Addressing the rising risks associated with digital threats.
    • Employment practices liability insurance (EPLI) – Providing protection against workplace-related claims.
    • Contractors professional liability (E&O) – Covering errors and omissions in contracting services.
    • Crime insurance – Mitigating financial losses due to fraudulent activities.
    • Workplace violence coverage – Supporting commercial entities against workplace-related incidents.
    • Violent Event Protection coverage – Extending coverage to personal lines for incidents involving violence.

    Leveraging Industry Strength

    Berkley Re Turnkey Solutions plans to collaborate with partners to develop new insurance products while leveraging the broader capabilities of W. R. Berkley Corporation. The parent company’s subsidiaries maintain an A+ (Superior) rating with a Financial Size Category XV from AM Best, reflecting its financial strength and stability. Christopher Ellis, senior vice president and head of Turnkey Solutions, emphasized the company’s commitment to refining its people, products, and processes to enhance operational efficiency and client services.

    Growth and Expansion Initiatives

    The launch of Berkley Re Turnkey Solutions follows a strong financial performance for W. R. Berkley Corporation, which reported a fourth-quarter net income of $576.1 million for common shareholders—a 45% increase compared to the previous year. Premium growth was supported by an average rate increase of 7.7% across all lines (excluding workers’ compensation), with total premiums reaching $11.97 billion for the year. Beyond its U.S. expansion, Berkley Insurance Company recently received regulatory approval to open a branch in India’s GIFT City, Gujarat, under the name Berkley Insurance Company, IFSC Branch. This marks a strategic move to strengthen its presence in the international market.

    Looking Ahead

    With the introduction of Berkley Re Turnkey Solutions, the company aims to enhance its reinsurance capabilities and deliver innovative solutions to its partners. By leveraging its financial strength and expertise, Berkley Re continues to adapt to industry demands and expand its global footprint in the reinsurance sector.
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