W. R. Berkley Corporation Increases Dividend 12.5%
Christopher L. Augostini Elected to Board of Directors
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) announced today that
its Board of Directors has voted to increase the cash dividend to an
annual rate of 36 cents per share, representing a 12.5% increase from
the present rate. The first quarterly dividend at the new rate of nine
cents per share will be paid on July 3, 2012 to stockholders of record
at the close of business on June 12, 2012.
The Company also announced that Christopher L. Augostini was elected to
its Board of Directors for a term of three years. Mr. Augostini is
senior vice president and chief operating officer of Georgetown
University, where he has served in various positions, including as chief
financial officer, since joining Georgetown University in 2000.
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.
W. R. Berkley Corporation
Karen A. Horvath
President — External
Source: W. R. Berkley Corporation
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