Berkley

Berkley Reinsurance (Berkley Re) offers treaty and facultative reinsurance solutions worldwide. In Q1 2025, its reinsurance and monoline excess segment generated $467 million in gross written premiums.

History of Berkley Reinsurance

Berkley Re began as part of W.R. Berkley Corporation, founded in 1967 in Connecticut. The group grew fast by forming new companies and buying others.

It focused on building strong specialty units, including global reinsurance. Other notable events in Berkley Reinsurance’s history include:

• 1994: Key Risk Management Services Inc. was acquired for risk-focused expansion
• 1995: full ownership of Signet Star was gained from Gen Re
• 2017: reached $7.7 billion in revenue across Berkley group during 50th anniversary
• 2018: merged Berkley Select and Monitor Liability for better professional liability service
• 2020: enhanced cyber and facultative lines with dedicated teams

Berkley Reinsurance recently launched a new turnkey solutions unit for MGAs and insurtech partners. This group offers custom reinsurance deals and tools across cyber, EPLI, and more.

Reinsurance products and services

Berkley Reinsurance helps insurers and self-insured groups manage risk through treaty and facultative deals:

Treaty reinsurance

• auto liability: covers third-party injury or damage from vehicle use
• auto third party bodily injury (CTP): pays injury claims to third-party accident victims
• auto third party property damage: covers third-party property repair or replacement
• construction all risks: insures construction sites against damage or loss
• contract works liability: covers liability during active construction
• crime: protects against theft or employee dishonesty
• healthcare: covers liability for healthcare providers
• machinery: insures against machine breakdown or damage
• medical malpractice: covers medical professionals for negligence claims
• miscellaneous all risks: covers various non-standard property risks
• natural catastrophe: protects against disasters like storms or earthquakes
• personal accident: provides benefits for accidental injury or death
• products recall: covers costs of recalling faulty products
• professional indemnity/liability: insures professionals against client loss from mistakes

Facultative & facility reinsurance

• auto liability: case-by-case coverage for third-party vehicle claims
• auto third party property damage: covers individual third-party property claims
• construction all risks: standalone cover for single construction sites
• contract works liability: liability cover for specific construction jobs
• crime: single-risk protection from fraud or theft
• directors’ & officers’ liability: protects executives against specific claims
• medical malpractice: covers individual healthcare risk cases
• miscellaneous professional liability: insures specialized professionals
• personal accident: one-off cover for injury or death
• power & energy: insures risks in energy sectors
• products liability: covers claims from faulty products
• professional indemnity: protects against individual service mistakes
• professional: broad coverage for specific professional risks

Custom turnkey solutions

• allied health: covers non-physician medical roles
• contractors professional: protects construction consultants and managers
• employment practices: covers workplace misconduct claims
• family cyber: protects families from digital threats
• farm cyber protection: insures agri-tech systems and data
• liquor liability: covers alcohol-related injury or damage claims
• miscellaneous professional: insures niche service providers
• non-profit D&O: protects nonprofit directors and boards
• privacy breach & cyber security: covers hacks and data leaks
• technoloov E&O: insures tech firms for service errors

Berkley Reinsurance delivers these offerings through regional teams in key insurance markets worldwide.

Culture and core values

Berkley Reinsurance fosters a culture built on trust, fairness, and doing what is right. Its team values charitable giving, inclusion, and environmental responsibility.

Core principles

The company follows five guiding principles shaped by its group foundation:

1. risk-adjusted returns: long-term value driven by sound judgment and performance
2. people-oriented strategy: focus on talent, inclusion, and collaboration
3. responsible financial practices: disciplined decisions rooted in financial strength
4. accountability: ownership of actions and results at every level
5. transparency: honest communication with all stakeholders

These values have guided Berkley Re through decades of change and continued success.

Charities and other programs

The company matches funds and encourages direct involvement in charity events across its network:

• Gingerbread House Auction: holiday fundraiser with edible creations
• charity match program: matched bids by Berkley Foundation
• employee-led donations: supports chosen charities or causes

Berkley Reinsurance also backs green efforts like energy-saving upgrades, recycling, and paperless systems. These steps help lower its footprint while promoting smarter, shared spaces.

The future at Berkley Reinsurance

Berkley Re recently launched Turnkey Solutions to support MGAs, PAs, carriers, and insurtech partners. The unit delivers reinsured products like Cyber, EPLI, Contractors Professional, and Violent Event Protection™. It reflects Berkley’s push for scalable tools backed by strong service and trusted expertise.

Berkley Reinsurance celebrated its 50th anniversary by highlighting its five global reinsurance platforms. These include Berkley Re America, UK, Asia, Australia, and Berkley Re Solutions. The company remains focused on client partnerships, underwriting strength, and sustainable global growth.