company's common shares.

The Bermuda-based risk management company, which is publicly traded on the New York Stock Exchange, will issue a dividend of one additional common share for every two common shares held.

The dividend will be distributed on October 20, 1993, to shareholders of record on September 30, 1993.

Fractional shares will not be issued and such interests will be cashed out based on the trading price of the company's common shares on September 30, 1993.

The quarterly cash dividend on common shares will continue to be seven cents, an effective increase of 50 percent, said the company.

The next quarterly cash dividend will be paid on November 19, 1993, to shareholders of record on November 5.

In a joint statement, MRM's chairman Mr. Robert Mulderig, and its president, Mr. John Kessock, Jr., said: "The stock split, combined with the dividend increase, reflect the company's positive outlook for the future. It is designed to increase liquidity in the company's common shares, as well as broadening the company's investor base by making transactions in the company's common shares more attractive to individual investors.'' MRM's stock price jumped a dollar to close at $395 on the news yesterday.

MRM provides risk management services to clients in the US, Canada and Europe seeking alternatives to traditional commercial insurance for certain risk exposures, especially workers' compensation.