W.R. Berkley Family in its agreement with Mitsui Sumitomo Insurance Co. to purchase 15% of the outstanding common stock of W.R. Berkeley Corporation

On March 28, 2025, W. R. Berkley Corporation (NYSE: WRB) confirmed that Mitsui Sumitomo Insurance Co., Ltd. (MSI) has entered into an arrangement with a company owned by members of the Berkley family and trusts for their benefit providing for MSI to purchase 15% of the company’s outstanding common stock through open market purchases or private transactions with third parties. The Berkley family will not be selling any of its common stock to MSI, nor will MSI be purchasing any shares from the W. R. Berkley Corporation as part of the arrangement.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to the Berkley family.