W. R. Berkley Corporation
WRB
Financials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
W. R. Berkley Corporation operates a significant insurance business focused on the fossil fuel sector through subsidiaries like Berkley Oil & Gas. These entities provide specialized insurance coverage and risk solutions for oilfield services, pipeline construction and repair, and well servicing equipment. This makes the company a key financial enabler for upstream and midstream fossil fuel operations.
The company’s energy insurance offerings are a core part of its portfolio, underwriting on behalf of A+-rated subsidiaries to provide financial security for fossil fuel contractors and operators. In contrast, an external assessment of the insurance sector’s renewable energy underwriting placed W. R. Berkley Corporation at the bottom of the pack, noting it was among only a few companies whose primary renewable insurance activities were negligible. This indicates a business model materially dependent on and supportive of the fossil fuel industry.
Research Sources
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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