W. R. Berkley Management

Management criteria checks 3/4

W. R. Berkley's CEO is Rob Berkley, appointed in Nov 2009, has a tenure of 23.83 years. total yearly compensation is $16.81M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.71% of the company’s shares, worth $169.30M. The average tenure of the management team and the board of directors is 13.5 years and 10 years respectively.

Key information

Rob Berkley

Chief executive officer

US$16.8m

Total compensation

CEO salary percentage	6.5%
CEO tenure	15yrs
CEO ownership	0.7%
Management average tenure	13.5yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob Berkley's remuneration changed compared to W. R. Berkley's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$17m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$17m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$14m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$931m
Mar 31 2021	n/a	n/a	US$765m
Dec 31 2020	US$10m	US$1m	US$531m
Sep 30 2020	n/a	n/a	US$338m
Jun 30 2020	n/a	n/a	US$351m
Mar 31 2020	n/a	n/a	US$497m
Dec 31 2019	US$11m	US$1m	US$682m
Sep 30 2019	n/a	n/a	US$695m
Jun 30 2019	n/a	n/a	US$692m
Mar 31 2019	n/a	n/a	US$655m
Dec 31 2018	US$12m	US$1m	US$641m
Sep 30 2018	n/a	n/a	US$663m
Jun 30 2018	n/a	n/a	US$663m
Mar 31 2018	n/a	n/a	US$592m
Dec 31 2017	US$10m	US$1m	US$549m

Compensation vs Market: Rob's total compensation ($USD16.81M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

CEO

Rob Berkley (51 yo)

15yrs

Tenure

US$16,813,567

Compensation

Mr. William Robert Berkley, Jr., also known as Rob, is Chairman of the Board at American Institute For Chartered Property Casualty Underwriters from July 2024. He is President, CEO & Director of W. R. Berk...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Berkley	Executive Chairman of the Board	57.5yrs	US$17.11m	20.56% $ 4.9b
William Berkley	President	15yrs	US$16.81m	0.71% $ 169.3m
Richard Baio	Executive VP & CFO	8.5yrs	US$2.90m	0.0062% $ 1.5m
James Shiel	Executive Vice President of Investments	9.4yrs	US$3.03m	0.095% $ 22.5m
Lucille Sgaglione	Executive Vice President	14.5yrs	US$2.92m	0.0022% $ 529.2k
A. Mansolillo	Senior VP & Chief Compliance Officer	12.6yrs	no data	no data
Liberatore Iannarone	Senior VP & General Counsel	1.3yrs	no data	no data
Karen Horvath	Vice President of External Financial Communications	18.8yrs	no data	no data
Jonathan Levine	VP & Chief Marketing Officer	11.3yrs	no data	no data
Carol LaPunzina	Senior Vice President of Human Resources	15.2yrs	no data	no data
Edward Linekin	Senior Vice President of Investments	6.8yrs	no data	no data
Robert Hewitt	Executive Vice President	22.8yrs	no data	no data

13.5yrs

Average Tenure

64yo

Average Age

Experienced Management: 0HMZ's management team is seasoned and experienced (13.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Berkley	Executive Chairman of the Board	57.5yrs	US$17.11m	20.56% $ 4.9b
William Berkley	President	23.8yrs	US$16.81m	0.71% $ 169.3m
Mark Shapiro	Independent Director	50.5yrs	US$323.04k	0.057% $ 13.6m
Ronald Blaylock	Independent Director	23.8yrs	US$313.04k	0.037% $ 8.8m
Daniel Mosley	Independent Director	1.8yrs	US$313.04k	0.0024% $ 562.4k
Maria Luisa Rangel	Independent Director	7.5yrs	US$321.54k	0.014% $ 3.3m
Cindy Broschart	Chair of Berkley Entertainment	less than a year	no data	no data
Mary Farrell	Independent Director	18.7yrs	US$351.54k	0.041% $ 9.7m
Collin Suttie	Chairman of Berkley Healthcare	5yrs	no data	no data
Christopher Augostini	Independent Director	12.5yrs	US$361.54k	0.027% $ 6.5m
Jonathan Talisman	Independent Director	5yrs	US$323.04k	0.0074% $ 1.8m
Marie Mattson	Independent Director	less than a year	no data	0.0010% $ 237.3k

10.0yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 0HMZ's board of directors are seasoned and experienced ( 10 years average tenure).

W. R. Berkley Management

Management criteria checks 3/4

Key information

Recent management updates

W. R. Berkley Corp. Names Antonio Q. L. Rhodes President of Berkley Mid-Atlantic Insurance Group

W. R. Berkley Corporation Approves the Appointment of Marie A. Mattson as Director

W. R. Berkley Corporation, Annual General Meeting, Jun 12, 2024

W. R. Berkley Corporation Announces Executive Changes

W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters

W. R. Berkley Corporation Names John J. Forte President of Berkley Public Entity

Recent updates

New minor risk - Dividend sustainability

Third quarter 2024 earnings released: EPS: US$0.92 (vs US$0.83 in 3Q 2023)

W. R. Berkley Corporation to Report Q3, 2024 Results on Oct 21, 2024

Second quarter dividend of US$0.33 announced

W. R. Berkley Corp. Names Antonio Q. L. Rhodes President of Berkley Mid-Atlantic Insurance Group

Second quarter 2024 earnings released: EPS: US$0.93 (vs US$0.88 in 2Q 2023)

W. R. Berkley Corporation to Report Q2, 2024 Results on Jul 22, 2024

Upcoming dividend of US$0.62 per share

First quarter dividend increased to US$0.62

W. R. Berkley Corporation Declares Special Cash Dividend, Payable on June 28, 2024

W. R. Berkley Corporation Approves the Appointment of Marie A. Mattson as Director

New minor risk - Shareholder dilution

W. R. Berkley Corporation, Annual General Meeting, Jun 12, 2024

First quarter 2024 earnings released: EPS: US$1.65 (vs US$1.07 in 1Q 2023)

W. R. Berkley Corporation to Report Q1, 2024 Results on Apr 23, 2024

Full year 2023 earnings released: EPS: US$5.10 (vs US$4.99 in FY 2022)

W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on March 13,2024

Full year 2023 earnings released: EPS: US$5.10 (vs US$4.99 in FY 2022)

W. R. Berkley Corporation to Report Q4, 2023 Results on Jan 24, 2024

W. R. Berkley Corporation Announces Executive Changes

W. R. Berkley Corporation Declares Special Cash Dividend, Payable on December 27, 2023

W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters

Third quarter 2023 earnings released: EPS: US$1.24 (vs US$0.83 in 3Q 2022)

W. R. Berkley Corporation Names John J. Forte President of Berkley Public Entity

W. R. Berkley Corporation to Report Q3, 2023 Results on Oct 23, 2023

W. R. Berkley Corporation Declares Regular Quarterly Cash Dividends, Payable on October 4, 2023

W. R. Berkley Corporation Appoints Lee Iannarone as Senior Vice President and General Counsel

Second quarter 2023 earnings released: EPS: US$1.32 (vs US$0.65 in 2Q 2022)

W. R. Berkley Corporation to Report Q2, 2023 Results on Jul 20, 2023

W. R. Berkley Corporation Increases Regular Cash Dividend, Payable on June 30, 2023

W. R. Berkley Corporation acquired Breckenridge IS, Inc.

First quarter 2023 earnings released: EPS: US$1.07 (vs US$2.13 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.99 (vs US$3.69 in FY 2021)

Full year 2022 earnings released: EPS: US$4.99 (vs US$3.69 in FY 2021)

W. R. Berkley Corporation to Report Q4, 2022 Results on Jan 26, 2023

W. R. Berkley Corporation Declares Special Cash Dividend, Payable on January 24, 2023

W. R. Berkley Corporation Elects Daniel L. Mosley as Director, Effective on January 1, 2023

W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on December 28,2022

W. R. Berkley Corporation Names Lynn Neville Senior Vice President – Claims

W. R. Berkley Corporation Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$0.83 (vs US$0.94 in 3Q 2021)

W. R. Berkley Corporation to Report Q3, 2022 Results on Oct 24, 2022

W. R. Berkley Corporation Declares Regular Quarterly Dividend, Payable on October 3, 2022

Independent Director recently bought US$372k worth of stock

Second quarter 2022 earnings released: EPS: US$0.65 (vs US$0.85 in 2Q 2021)

W. R. Berkley Corporation Announces Management Appointments

W. R. Berkley Corporation(NYSE:WRB) dropped from Russell 1000 Dynamic Index

W. R. Berkley Corporation to Report Q2, 2022 Results on Jul 21, 2022

W. R. Berkley Corporation Increases Regular Quarterly Dividend, Payable on July 7,2022

W. R. Berkley Corporation Announces Management Changes

W. R. Berkley Corporation Announces Management Changes

First quarter 2022 earnings released: EPS: US$2.13 (vs US$0.83 in 1Q 2021)

W. R. Berkley Corporation Announces Management Changes

W. R. Berkley Corporation to Report Q1, 2022 Results on Apr 25, 2022

William R. Berkley Announces Leigh Ann Pusey Opted Not to Stand for Re-Election as Director

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on March 23, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$1.13 per share

Third quarter 2021 earnings released: EPS US$1.41 (vs US$0.82 in 3Q 2020)

Upcoming dividend of US$0.13 per share

Second quarter 2021 earnings released: EPS US$1.28 (vs US$0.38 in 2Q 2020)

W. R. Berkley Corporation Declares Special Cash Dividend, Payable on July 6, 2021

First quarter 2021 earnings released: EPS US$1.24 (vs US$0.023 loss in 1Q 2020)

Full year 2020 earnings released: EPS US$2.84 (vs US$3.58 in FY 2019)

Full year 2020 earnings released: EPS US$2.84 (vs US$3.58 in FY 2019)

W. R. Berkley Corporation to Report Q4, 2020 Results on Jan 26, 2021

W. R. Berkley Corporation Announces Executive Changes

Market bids up stock over the past week