Firm additionally renews authorization for $100 million share repurchase
The board of administrators of AXIS Capital Holdings has declared a quarterly dividend of US$0.44 per frequent share, the corporate has introduced.
The dividend might be payable on Jan. 18 to shareholders of report on the shut of enterprise on Dec. 29, AXIS mentioned.
The board additionally declared a dividend of US$34.375 per Collection E 5.50% most well-liked share. That is equal to US$0.34375 per depositary share, AXIS mentioned. This dividend can also be payable on Jan. 18 to shareholders of report on the shut of enterprise on Dec. 29.
The corporate additionally introduced that its board has renewed its authorisation to repurchase as much as US$100 million of the corporate’s frequent shares. The repurchases could also be effected every so often within the open market or privately negotiated transactions by means of Dec. 31, 2024, AXIS mentioned.
In different firm information, AXIS Capital just lately introduced the appointment of John Owen as CEO of AXIS Managing Company Restricted, its managing agent arm. The corporate additionally just lately revealed a refreshed model and revealed its third-quarter outcomes, reporting gross written premium of US$1.5 billion.
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