Board of Directors Approves Share Repurchase Program up to an
Aggregate of $500 million
PEMBROKE, Bermuda--(BUSINESS WIRE)--Aug. 2, 2017--
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR)
announced today a quarterly dividend of $0.32 per common share on its
The dividend is payable on September 29, 2017 to shareholders of record
on September 15, 2017.
In addition, the Board of Directors approved an increase in
RenaissanceRe's share repurchase program, bringing the total current
authorization to $500 million. This authorization includes the remaining
amounts available under prior authorizations. Under this program,
RenaissanceRe may repurchase shares of its common stock in the open
market based on, among other things, its ongoing capital requirements
and expected cash flows, and the market price of its common shares. The
repurchase program does not have an established expiration date.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and
insurance. The Company’s business consists of two reportable segments:
(1) Property, which is comprised of catastrophe and other property
reinsurance and insurance written on behalf of the Company’s operating
subsidiaries and certain joint ventures managed by the Company’s
ventures unit, and (2) Casualty and Specialty, which is comprised of
casualty and specialty reinsurance and insurance written on behalf of
the Company’s operating subsidiaries and certain joint ventures managed
by the Company’s ventures unit. Established in 1993, the Company has
offices in Bermuda, Ireland, Singapore, the United Kingdom, and the
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Source: RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd.
Senior Vice President and Treasurer
Elizabeth Tillman, 212-238-9224
Kekst and Company
Peter Hill or Dawn