Swiss Re plans CHF1bn buyback

Swiss Re is to seek authorisation for another CHF1bn ($999.2mn)
share buyback at its upcoming annual shareholders' meeting, it
announced today.
The carrier also noted that the impact of the UK's surprise
3.25 percentage point cut to the Ogden rate was within its reserve
margins.
Swiss Re said it would propose a 5.4 percent increase to the
dividend to CHF4.85 per share. Including a CHF1.0bn buyback the
carrier completed last month, that will take the total shareholder
payout to CHF2.5bn...