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 40 cents per share, representing an 11% increase from the present rate. The first quarterly dividend at the new rate of ten cents per share will be paid on July 2, 2013 to stockholders of record at the close of business on June 11, 2013.
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 three segments of the property casualty insurance business: insurance-domestic, insurance-international and reinsurance-global.