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AXIS Capital announces $750M share repurchase authorization

AXIS Capital Holdings Limited announced that the company's board has authorized the company to repurchase $750M of the company's common shares. The board has authorized the company to effect repurchases under this new plan from time to time in open market or privately negotiated transactions through December 31, 2014, depending on market conditions. This new repurchase authorization, effective January 1, 2013, will replace the existing authorization, which has $236M available through December 31, 2012.