increase in its regular quarterly dividend to seven cents per common share in 1993. During 1992, the company paid a regular quarterly dividend of six cents.

The Board set February 20, 1993, as the payment date for the first quarterly dividend, payable to shareholders of record on February 6, 1993.

Mutual Risk Management provides risk management services to clients in the United States, Canada and Europe seeking alternatives to traditional commercial insurance for certain of their risk exposures, especially workers' compensation.

The company's common shares are listed on the New York and Bermuda stock exchanges.