RenRe board gives buyback authorisation

Bermudian reinsurer RenaissanceRe said on Tuesday (21 February)
that its board has authorised share buybacks worth $500mn.
In both May and August last year RenRe obtained authorisations
for $500mn in buybacks.
The reinsurer said on 31 January that it had bought back
$309.4mn in shares at an average share price of $112.87 in
2016.
At the Tuesday board meeting RenRe's board also voted to
increase its quarterly dividend from $0.31 to $0.32.
RenRe's shares closed yesterday in New York down...