RenaissanceRe Holdings Ltd. expanded a stock buyback program to $500 million, the reinsurer said Tuesday.
The company did not say how much was eligible for repurchase before the new authorization.
RenaissanceRe also declared a regular dividend of 23 cents.
The dividend is payable June 30 to shareholders of record on June 13, the reinsurer said.
RenaissanceRe Holdings shares fell 61 cents to close at $52.08.
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