October 18, 2006 -- W. R. Berkley Corporation today announced that will cause to be redeemed all outstanding 8.197% Capital Securities (CUSIP No. 084498 AB 0) of W. R. Berkley Capital Trust on December 15, 2006 at a redemption price equal to $1,000 per $1,000 liquidation amount of the capital securities, together with accrued and unpaid distributions on the capital securities to the Redemption Date. The Bank of New York will act as Paying Agent. Redemptions will be made upon the presentation and surrender of the capital securities to the Paying Agent by mail, by hand or by overnight delivery at The Bank of New York, Corporate Trust Operations, 111 Sanders Creek Parkway, East Syracuse, New York 13057. In connection with the redemption of the W. R. Berkley Capital Trust capital securities, the Company will prepay all of its outstanding $210 million 8.197% Junior Subordinated Debentures due 2045 on the Redemption Date at par plus accrued interest to the Redemption Date. The proceeds from the prepayment of the debentures will be used by W. R. Berkley Capital Trust, the sole holder of the debentures, to redeem its aforementioned capital securities.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 8.25% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for W.R. Berkley Capital Trust, the Trust. The underlying securities of the CorTS trust are the 8.197% Capital Securities due 12/15/2045 issued by W.R. Berkley Capital Trust and guaranteed by W.R. Berkley Corp. (NYSE: BER). The assets of the underlying capital securities trust are the 8.197% Junior Subordinated Deferrable Interest Debentures due 12/15/2045 which were purchased from W.R. Berkley Corp. using the funds from the sale of the Capital Securities. The CorTS certificates will pay 8.25% ($2.0625) dividends semiannually on 6/15 & 12/15 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 12/15/2006 at $25 per share plus accrued and unpaid dividends. The issuer has the right, at any time, to defer interest payments for up to 10 consecutive semiannual periods. The certificates must be rated at least Baa3 by Moody's and BBB- by S&P to be issued. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. See the IPO prospectus for further information on the CorTS Certificates by clicking on the ‘Link to IPO Prospectus’ provided below. Structured Products Corp. is an indirect, wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., formerly Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.25% $2.0625	$25.00 $25.00	Called for 12/15/2006 12/15/2045	Baa3 BBB- 12/29/2005	6/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

Home Page:   We know of no Home Page for this company.

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Address and Phone Numbers

Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number	212-816-7496
Fax Number	Not Available