W R Berkley Corp

Our ESG framework supports our efforts to remain flexible in the face of shifting global markets and risks. It leverages the decentralized organizational structure that is key to our success, enabling us to both universalize initiatives and tailor programs to our various Businesses. We developed an ESG operating model in which a multidisciplinary ESG team leads, manages, coordinates, and supports ESG efforts from an enterprise level, as overseen by W. R. Berkley Corporation's Board of Directors ("Board"). In 2023, we focused on refining our data collection processes and preparing for evolving regulatory reporting requirements in the various jurisdictions in which we operate. [...] Moreover, we believe the continued evaluation and consideration of enterprise risk includes the examination of ESG-related risks and opportunities. Our senior officers are responsible for examining existing and potential risks as they arise in their various operational areas. Senior officers share this information among themselves and with our ERM department. Our Company's Senior Vice President Enterprise Risk Management reports on areas of material risk to Berkley, including those related to climate change. These reports are regularly provided to our ERM management committee, our Company's President and CEO, and the Board. [...] The oversight of risk, including ESG risks, is one of the Board's key responsibilities. Our Board and its committees receive periodic updates from management on risks, including those related to climate change, cybersecurity, human capital management ("HCM"), and overall ESG matters. Our ESG Management Committee is composed of the Company's President and CEO and other senior executives. The ESG Management Committee meets at least quarterly and shares information with the Board regarding ESG practices and matters that are of interest to various stakeholders. The Board, through the ESG Management Committee, guides our ESG disclosures, including the production of both our Sustainability Report and the ESG summary included in our annual proxy statement.

Moreover, we believe the continued evaluation and consideration of enterprise risk includes the examination of ESG-related risks and opportunities. Our senior officers are responsible for examining existing and potential risks as they arise in their various operational areas. Senior officers share this information among themselves and with our Enterprise Risk Management ("ERM") department. Our Company's Senior Vice President - Enterprise Risk Management reports on areas of material risk to Berkley, including those related to climate change. These reports are regularly provided to our ERM management committee, our Company's President and CEO, and the Board. [...] The Board believes that oversight of risk, including ESG risks, is one of its key responsibilities. Our Board and its committees receive periodic updates from management on risks, including those related to climate change, cybersecurity, human capital management ("HCM"), and overall ESG matters. Our ESG Management Committee is composed of Berkley's President and CEO and other senior executives. The Committee meets at least quarterly and shares information with the Board regarding ESG practices and stakeholder interests. The Board, through the ESG Management Committee, guides our ESG disclosures, including the production of both our Sustainability Report and the ESG summary included in our annual proxy statement.

The W. R. Berkley Corporation PAC is a U.S. Federal PAC overseen by W. R. Berkley Corporation's Vice President and Treasurer, as well as the Senior Vice President and Chief Compliance Officer, both of whom provide the Business Ethics Committee of the Board with periodic reports on our political spending activity. Our PAC aggregates voluntary contributions from certain Berkley employees and their families to donate to candidates for federal office. Information regarding donations to our PAC and its contributions and expenditures are filed quarterly with the Federal Elections Commission and is publicly available on its website.

The Business Ethics Committee of the W. R. Berkley Corporation Board of Directors oversees our Political Spending Policy and receives regular reports on the Company's political spending activity from our Senior Vice President and Chief Compliance Officer. Federal law prohibits us from making campaign contributions to federal candidates. Over the past five years, other political contributions, if any, have been negligible. [...] On a quarterly basis, expenditures for federal, nonpartisan political activities are reported to W. R. Berkley Corporation's Vice President – Federal Government Relations, who prepares and submits the required disclosure filings. These filings can be found on the U.S. Senate Lobbying Disclosure website. [...] Our Vice President - Federal Government Relations is responsible for federal government affairs, including monitoring and reporting on legal and legislative developments that affect the property and casualty insurance sector, and liaising with and providing support to key industry trade associations or coalitions. Additionally, our Businesses communicate through their trade organizations to the NAIC, legislators, and regulators on relevant legislative and regulatory issues. [...] The W. R. Berkley Corporation PAC is a U.S. federal PAC overseen by W. R. Berkley Corporation's Vice President and Treasurer, and the Senior Vice President and Chief Compliance Officer, both of whom provide the Business Ethics Committee of the Board with periodic reports on our political spending activity. Our PAC aggregates voluntary contributions from certain Berkley employees and their families to donate to candidates for federal office. Information regarding donations to our PAC and its contributions and expenditures is filed quarterly with the Federal Elections Commission and is publicly available on its website.