Business
W. R. Berkley Corporation Has Been Informed That Mitsui Sumitomo Insurance Co. Has Acquired Beneficial Ownership of At Least 12.5% of the Company’s Shares Pursuant to Previously Announced Agreements with the Berkley Family
GREENWICH, Conn., December 05, 2025--W. R. Berkley Corporation (NYSE: WRB) (the "Company") today announced that the Company has been informed by representatives of Mitsui Sumitomo Insurance Co., Ltd. ("MSI"), a leading Japanese property and casualty insurance carrier, that MSI has acquired beneficial ownership of at least 12.5% of the Company’s outstanding common stock (the "Common Stock") pursuant to MSI’s previously announced agreements with a company owned by members of the Berkley family and
About this update from W.r. Berkley Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":357,"height":448,"url":"https://media.zenfs.com/en/business-wire.com/520634e8cf429f34c29330015b459cf6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8p2iTaNBLxn3xBME8vDwSg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTg4NTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/520634e8cf429f34c29330015b459cf6","width":357,"height":448}},"lazy":false},{"type":"text","content":"GREENWICH, Conn., December 05, 2025--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) (the "Company") today announced that the Company has been informed by representatives of Mitsui Sumitomo Insurance Co., Ltd. ("MSI"), a leading Japanese property and casualty insurance carrier, that MSI has acquired beneficial ownership of at least 12.5% of the Company’s outstanding common stock (the "Common Stock") pursuant to MSI’s previously announced agreements with a company owned by members of the Berkley family and trusts for their benefit (collectively, the "Berkley Family"). None of MSI’s shares were purchased from the Berkley Family or the Company.","length":696,"tagName":"p"},{"type":"text","content":"Under the agreements with the Berkley Family, MSI’s shares will be voted pursuant to the recommendations of the Berkley Family, except in limited circumstances where the MSI shares will be voted in the same proportion as all of the non-MSI shares are voted.","length":257,"tagName":"p"},{"type":"text","content":"The Company has been informed by representatives of MSI that they expect to complete their investment under the agreements with the Berkley Family in the first quarter of 2026.","length":176,"tagName":"p"},{"type":"text","content":"The description of the agreements between MSI and the Berkley Family are qualified in their entirety by reference to the full text of the agreements attached as exhibits to the Form 8-K filed by the Company on March 28, 2025. A copy of the Form 8-K can be found on the Investor Relations section of our website. For further information about Mitsui Sumitomo Insurance Co., Ltd., please visit https://www.ms-ins.com/english/.","length":424,"tagName":"p"},{"type":"text","content":"About W. R. Berkley CorporationFounded in 1967, W. R. Berkley Corporation is an insuran...