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W. R. Berkley Corporation Increases Share Repurchase Authorization

^{Published on 2011-02-28 13:20:29 - Market Wire}
 

GREENWICH, Conn.--([ BUSINESS WIRE ])--W. R. Berkley Corporation (NYSE:WRB) announced that its Board of Directors has increased the Companya™s share repurchase authorization to 10 million shares of common stock. The 10 million share repurchase authorization represents approximately 7 percent of the Companya™s shares outstanding at December 31, 2010. Repurchases may be made by the Company 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.