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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000899140-06-000448.txt : 20060313
<SEC-HEADER>0000899140-06-000448.hdr.sgml : 20060313
<ACCEPTANCE-DATETIME>20060313141440
ACCESSION NUMBER:		0000899140-06-000448
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060307
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20060313
DATE AS OF CHANGE:		20060313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BERKLEY W R CORP
		CENTRAL INDEX KEY:			0000011544
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				221867895
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15202
		FILM NUMBER:		06681684

	BUSINESS ADDRESS:	
		STREET 1:		475 STEAMBOAT ROAD
		STREET 2:		.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2036293000

	MAIL ADDRESS:	
		STREET 1:		475 STEAMBOAT ROAD
		STREET 2:		.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>w031306.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
     As filed with the Securities and Exchange Commission on March 13, 2006

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): March 7, 2006


                           W. R. BERKLEY CORPORATION
                           -------------------------
             (Exact name of registrant as specified in its charter)


   Delaware                         1-15202                22-1867895
- --------------                  -------------------     ----------------
State or other jurisdiction      (Commission File        (IRS Employer
of incorporation)                   Number)           Identification No.)


                     475 Steamboat Road, Greenwich, CT           06830
                   ------------------------------------        ----------
               (Address of principal executive offices)        (Zip Code)


       Registrant's telephone number, including area code: (203) 629-3000
                                                           --------------


                                 Not Applicable
          (Former name or former address, if changed since last report)


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_|  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
          (17 CFR 240.14a-12)

     |_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))



<PAGE>


Item 1.01 Entry into a Material Definitive Agreement.

     On March 7, 2006, the Compensation and Stock Option Committee of the Board
of Directors of W. R. Berkley Corporation (the "Company") approved the incentive
bonus structure for William R. Berkley, the Company's Chairman of the Board and
Chief Executive Officer, and for W. Robert Berkley, Jr., the Company's Executive
Vice President, for the year 2006 pursuant to the terms of the Company's Annual
Incentive Compensation Plan (the "Plan") that was adopted by the Company and
approved by its stockholders in 2002. One measure of the maximum incentive award
allowed under the Plan, which has remained unchanged since the Plan's inception,
is 5% of the Company's earnings before income taxes (calculated as set forth in
the Plan).

     William R. Berkley's 2006 annual incentive bonus was set at 80% of such
maximum amount and W. Robert Berkley, Jr.'s 2006 annual incentive bonus was set
at 20% of such maximum amount, subject in each case to the Committee's negative
discretion based on certain factors (return on equity and such others,
including, but not limited to, earnings per share, combined ratio, and
qualitative objectives) to determine their actual bonus awards.



<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                W. R. BERKLEY CORPORATION


                                By:  /s/ Eugene G. Ballard
                                     -------------------------------------------
                                     Name:  Eugene G. Ballard
                                     Title: Senior Vice President,
                                            Chief Financial Officer
                                            and Treasurer

Date:  March 13, 2006

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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