W. R. Berkley Corporation (NYSE: WRB) announced that its
Board of Directors has declared a regular quarterly cash dividend on its
common stock of 9 cents per share to be paid on October 2, 2012 to
stockholders of record at the close of business on September 12, 2012.
In addition, the Board of Directors has increased the Company’s share
repurchase authorization back to its previous level of 10 million shares
of common stock. The 10 million share repurchase authorization
represents approximately 7 percent of the Company’s shares outstanding
at June 30, 2012. Repurchases may be made from time to time at
prevailing prices in the open market or in privately negotiated
transactions, subject to market conditions and other factors.
Founded in 1967, W. R. Berkley Corporation is an insurance holding
company that is among the largest commercial lines writers in the United
States and operates in five segments of the property casualty insurance
business: specialty insurance, regional property casualty insurance,
alternative markets, reinsurance and international.