W. R. Berkley Corporation Files Definitive Proxy Statement

Ticker: WRB-PG · Form: DEF 14A · Filed: Apr 26, 2024 · CIK: 11544

Berkley W R Corp DEF 14A Filing Summary
FieldDetail
CompanyBerkley W R Corp (WRB-PG)
Form TypeDEF 14A
Filed DateApr 26, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$5.05, $29.06, $1.1 b, $1.1 billion, $1.4 b
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, W. R. Berkley, Corporate Governance, Shareholder Meeting

TL;DR

<b>W. R. Berkley Corporation has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

BERKLEY W R CORP (WRB-PG) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for W. R. Berkley Corporation. The report covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 475 Steamboat Road, Greenwich, CT 06830. The filing was made on April 26, 2024. No filing fee was required for this filing.

Why It Matters

For investors and stakeholders tracking BERKLEY W R CORP, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's annual meeting, including details on executive compensation, director nominations, and other corporate governance matters. Shareholders will use this document to make informed voting decisions on proposals presented by the company and potentially by shareholders.

Risk Assessment

Risk Level: low — BERKLEY W R CORP shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and shareholder communication processes rather than immediate financial distress or significant operational changes.

Analyst Insight

Review the executive compensation and director nomination sections to understand potential changes in leadership and incentive structures.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Conformed Period of Report)
  • 2024-04-26 — Filing Date (Conformed Submission Type)
  • DEF 14A — Form Type (Filing Values)
  • 001-15202 — SEC File Number (Filing Values)

Key Players & Entities

  • W. R. BERKLEY CORPORATION (company) — Registrant
  • 475 STEAMBOAT ROAD (location) — Business Address
  • GREENWICH (location) — Business Address City
  • CT (location) — Business Address State
  • 06830 (location) — Business Address Zip
  • 2036293000 (phone) — Business Phone
  • 1934 Act (regulation) — SEC Act
  • 20240426 (date) — Filing Date

FAQ

When did BERKLEY W R CORP file this DEF 14A?

BERKLEY W R CORP filed this Proxy Statement (DEF 14A) with the SEC on April 26, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by BERKLEY W R CORP (WRB-PG).

Where can I read the original DEF 14A filing from BERKLEY W R CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by BERKLEY W R CORP.

What are the key takeaways from BERKLEY W R CORP's DEF 14A?

BERKLEY W R CORP filed this DEF 14A on April 26, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for W. R. Berkley Corporation.. The report covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 475 Steamboat Road, Greenwich, CT 06830..

Is BERKLEY W R CORP a risky investment based on this filing?

Based on this DEF 14A, BERKLEY W R CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance and shareholder communication processes rather than immediate financial distress or significant operational changes.

What should investors do after reading BERKLEY W R CORP's DEF 14A?

Review the executive compensation and director nomination sections to understand potential changes in leadership and incentive structures. The overall sentiment from this filing is neutral.

How does BERKLEY W R CORP compare to its industry peers?

W. R. Berkley Corporation operates in the Fire, Marine & Casualty Insurance industry.

Are there regulatory concerns for BERKLEY W R CORP?

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

W. R. Berkley Corporation operates in the Fire, Marine & Casualty Insurance industry.

Regulatory Implications

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Analyze executive compensation details provided in the proxy statement.
  2. Review director nominations and qualifications.
  3. Understand any shareholder proposals and management's recommendations.

Key Dates

  • 2024-04-26: Filing Date — Definitive Proxy Statement filed
  • 2023-12-31: Fiscal Year End — Period covered by the proxy statement

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure for public companies, indicating the company is following regular reporting procedures.

Filing Stats: 4,425 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2024-04-26 16:16:12

Key Financial Figures

  • $5.05 — ts 2023 Business Highlights 20.5% $5.05 $29.06 Return on Stockholders' Eq
  • $29.06 — 3 Business Highlights 20.5% $5.05 $29.06 Return on Stockholders' Equity Av
  • $1.1 b — e, investment income, and net income of $1.1 billion, $1.1 billion and $1.4 billion, r
  • $1.1 billion — income, and net income of $1.1 billion, $1.1 billion and $1.4 billion, respectively. Our 20.
  • $1.4 b — ncome of $1.1 billion, $1.1 billion and $1.4 billion, respectively. Our 20.5% return o
  • $12.1B — d share repurchases by 25.5%. 89.7% $12.1B $11.0B Combined Ratio Total Reven
  • $11.0B — epurchases by 25.5%. 89.7% $12.1B $11.0B Combined Ratio Total Revenues Rec
  • $13.0 billion — ritten grew 8.9% and 9.5% to records of $13.0 billion and $11.0 billion, respectively. Growth
  • $11.0 b — nd 9.5% to records of $13.0 billion and $11.0 billion, respectively. Growth was again f

Filing Documents

Executive Compensation Policies and Practices

Executive Compensation Policies and Practices 40 Stockholder Outreach 41

Executive Compensation Objectives, Philosophy and Design

Executive Compensation Objectives, Philosophy and Design 42 Additional Design Information 43 Use of Market and Peer Group Data 49

Executive Compensation Decisions During the Last Year

Executive Compensation Decisions During the Last Year 51 Severance and Change in Control Benefits 57 Other Policies and Considerations 58 Table of Contents Compensation Committee Report 60 Discussion of Risk and Compensation Plans 61

Executive Compensation

Executive Compensation 63 Summary Compensation Table 63 Plan-Based Awards 64 Outstanding Equity Awards 65 Option Exercises and Stock Vested 67 Non-Qualified Deferred Compensation 67 Potential Payments Upon Termination or Change in Control 68 Director Compensation 71 CEO Pay Ratio 72 Pay Versus Performance 73 Equity Compensation Plan Information 77 Audit Committee Report 78 Audit and Non-Audit Fees 79 Pre-Approval Policies 79 Principal Stockholders and Ownership by Directors and Executive Officers 80 Other Matters to Come Before the Meeting 83 General Information 84 Outstanding Stock and Voting Rights 91 Stockholder Nominations for Board Membership and Other Proposals 92 Annex A: Forward-Looking Statements A-1 Table of Contents W. R. BERKLEY CORPORATION PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS June 12, 2024 Your proxy is being solicited on behalf of the Board of Directors of W. R. Berkley Corporation (the "Company") for use at the Annual Meeting of Stockholders (the "Annual Meeting") and at any adjournment thereof. On April 26, 2024, we began mailing to stockholders of record either a Notice of Internet Availability of Proxy Materials ("Notice") or this proxy statement and proxy card and the Company's Annual Report for the year ended December 31, 2023. 2024 Annual Meeting of Stockholders Date and Time: Wednesday, June 12, 2024 at 1:30 p.m. Location: W. R. Berkley Corporation, 475 Steamboat Road, Greenwich, Connecticut 06830 Record Date: April 17, 2024 Proposal Discussion Beginning on Page Vote Required to Adopt Proposal Board Recommendation Broker Discretionary Voting Allowed Effect of Abstentions Effect of Broker Non-Votes 1. Election of six directors 10 Majority of the votes cast at the Annual Meeting (i.e., more shares voted "FOR" election than "AGAINST" election) FOR No No effect No effect 2. Non-binding advisory vot

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