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W.R. Berkley Approves Increased Repurchase of 10 Million Shares

Dec. 18 (Bloomberg) -- W.R. Berkley Corp. increased the insurer’s buyback authorization to 10 million shares.

The 10 million shares represent about 7 percent of the insurer’s stock outstanding as of Sept. 30, Greenwich, Connecticut-based Berkley said today in a statement distributed by Business Wire.

To contact the reporter on this story: Alexandria Baca in New York at abaca3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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