Axis Capital announces new $100M share buyback, raises quarterly dividend by 1c

AXIS Capital Holdings Limited announced that its Board of Directors has authorized the repurchase of up to $100M of the company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2023. The company intends to repurchase common shares opportunistically, when the timing and amount of the repurchases depending on a variety of factors, including market conditions and corporate and regulatory conditions. The company’s Board of Directors has also declared a quarterly dividend of 44c per common share payable on January 18, 2023 to shareholders of record at the close of business on December 30, 2022.