RenRe increases share repurchase programme to $500m

The Board of Directors of RenaissanceRe Holdings (RenRe) has announced a quarterly dividend of $0.31 per common share on its common stock.

The dividend is payable on June 30, 2016 to shareholders of record on June 15, 2016.

In addition, the Board of Directors has approved an increase in RenRe’s share repurchase programme, bringing the total current authorisation to $500 million. This authorisation includes the remaining amounts available under prior authorisations.

Under this programme, RenRen 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 programme does not have an established expiration date.