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RenaissanceRe Holdings Ltd Declares Quarterly Dividend;Announces Share Repurchase


Wednesday, 20 Feb 2013 04:07pm EST 

RenaissanceRe Holdings Ltd announced that increase in Company's quarterly dividend to $0.28 per common share on its common stock, from $0.27 per common share. The Company also announced that Board of Directors approved an increase in RenaissanceRe's stock repurchase program, bringing the total current authorization to $500 million. This authorization includes the remainder amounts available under prior authorizations. Under this program, RenaissanceRe may repurchase shares of its common stock in the open market or in privately negotiated transactions 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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