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W.R. BERKLEY CORPORATION DECLARES DIVIDEND AND AUTHORIZES REPURCHASE OF SHARES

 GREENWICH, Conn., Dec. 2 /PRNewswire/ -- W.R. Berkley Corporation (NASDAQ-NMS: BKLY) announced that the board of directors had declared a regular quarterly cash dividend of $.10 per share to be paid on Jan. 3, 1994, to stockholders of record at the close of business on Dec. 17, 1993.
 The company separately also announced that the board of directors had authorized the repurchase of blocks of shares of the company's common stock from time to time as such blocks are offered to the company. The total repurchase is limited to a maximum of 1 million shares (or approximately 5.8% of its outstanding shares) in addition to shares authorized for repurchase in 1990, of which 189,000 have not yet been repurchased.
 W.R. Berkley Corporation is a holding company which does business through its subsidiaries in three segments of the insurance business: regional property casualty insurance; specialty lines of insurance (including excess and surplus lines, commercial transportation and reinsurance); and insurance services operations (including management of alternative insurance market mechanisms).
 -0- 12/2/93
 /CONTACT: Anthony J. Del Tufo, senior vice president of W.R. Berkley Corporation, 203-622-2880/
 (BKLY)


CO: W.R. Berkley Corporation ST: Connecticut IN: INS SU: DIV

SH-TW -- NY101 -- 9943 12/02/93 15:57 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:209
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