RenaissanceRe increases share repurchase program up to $500M

theflyonthewall.com

The board of Directors approved an increase in RenaissanceRe's share repurchase program, bringing the total current authorization to $500M. 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.

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