XL Catlin announces $1bn share buyback

XL Catlin has authorised a share buyback programme that allows it
to repurchase up to $1bn of outstanding ordinary shares, the
company announced today (13 May).
A previous share buyback programme that had a further $204.1mn
remaining has been cancelled.
The carrier also announced a quarterly dividend of $0.20 per
ordinary share payable on its ordinary shares from 30 June.
The major signal on capital management came as the firm looks to
get back on the front foot after falling...