quarterly cash dividend of 75 cents per share on the company's common stock.

The dividend will be payable on April 10, 1997 to shareholders of record on March 21, 1997.

Mid Ocean Limited, through its wholly-owned subsidiary, Mid Ocean Reinsurance Company Ltd., provides catastrophe, property risk excess of loss, property pro rata, marine, energy, aviation, satellite and other reinsurance to insurers on a worldwide basis.

The company is a majority shareholder in the Brockbank Group and provides corporate capital to Lloyd's syndicates managed by Brockbank's managing agency.