Endurance Specialty Holdings Ltd. will buy back 18 million ordinary shares, the Bermuda-based insurer and reinsurer said Wednesday.
The company's board of directors increased by 16 million shares the number the company can repurchase in the open market or privately negotiated transactions.
The board also declared a quarterly dividend of 25 cents per ordinary share and 48.4 cents per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A. The dividends will be payable on June 30 and June 15, respectively.
Endurance through its subsidiaries writes workers' compensation, along...
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