March 8, 2010 (FinancialWire) — The board of directors of NYMAGIC, INC. (NYSE: NYM) has declared a dividend to shareholders of ten cents per share, payable on April 6, 2010 to shareholders of record on March 31, 2010. The quarterly dividend represents an increase of four cents per share over the company’s fourth quarter 2009 dividend, and six cents per share over the company’s third quarter 2009 dividend.

New York-based NYMAGIC is an insurance holding company whose property and casualty insurance subsidiaries specialize in underwriting ocean marine, inland marine and non-marine liability insurance, and whose agency subsidiaries specialize in establishing markets for such business.

The company maintains offices in New York and Chicago.

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