April 17th marks the 50th anniversary of the founding of W. R. Berkley Corporation.
Originally begun as an investment company in 1967 by William R. Berkley and Harvard Business School classmate, Paul Dean, W. R. Berkley Corporation is today a Fortune 500 insurance holding company operating worldwide in two segments of the property and casualty market: Insurance and Reinsurance.
Today, the Company has 54 operating units spanning the U.S. and 15 countries worldwide.
In 1972-1975 the Company entered the insurance business acquiring Houston General Insurance Company and Traders & General Insurance Company- it went public on October 18, 1973 just hours before the Arab Oil Embargo was announced.
In 1994 the Company expanded overseas with the acquisition of Independencia Insurance Company of Argentina.
In 2013 the Company founded Berkley Southeast Insurance Group!
Today, W. R. Berkley Corporation has assets of over $23 Billion, total revenues of $7.7 Billion and stockholders’ equity of $5.0 Billion.