RenaissanceRe Holdings Ltd. Announces Quarterly Dividend
Board of Directors Approves Share Repurchase Program up to an Aggregate of
PEMBROKE, Bermuda -- November 13, 2012
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced
today a quarterly dividend of $0.27 per common share on its common stock.
The dividend is payable on December 28, 2012 to shareholders of record on
December 14, 2012.
In addition, the Board of Directors approved an increase in RenaissanceRe's
share repurchase program, bringing the total current authorization to $500
million. 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 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.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance.
The Company’s business consists of three segments: (1) Reinsurance, which
includes catastrophe reinsurance, specialty reinsurance and certain property
catastrophe and specialty joint ventures, (2) Lloyd’s, which includes
reinsurance and insurance business written through Syndicate 1458, and (3)
Insurance, which principally includes the Company’s Bermuda-based insurance
RenaissanceRe Holdings Ltd.
Rohan Pai, 441-295-4513
Director of Investor Relations
Kekst and Company
Peter Hill or Dawn Dover, 212-521-4800
Press spacebar to pause and continue. Press esc to stop.