AXIS Capital unveils quarterly dividend

AXIS Capital unveils quarterly dividend | Insurance Business New Zealand

Insurance News

AXIS Capital unveils quarterly dividend

Firm also renews authorisation for its US$100 million share repurchase

Insurance News

By
Ryan Smith

The board of directors of AXIS Capital Holdings has declared a quarterly dividend of US$0.44 per common share, the company has announced.

The dividend will be payable on Jan. 18 to shareholders of record at the close of business on Dec. 29, AXIS said.

The board also declared a dividend of US$34.375 per Series E 5.50% preferred share. This is equivalent to US$0.34375 per depositary share, AXIS said. This dividend is also payable on Jan. 18 to shareholders of record at the close of business on Dec. 29.

The company also announced that its board has renewed its authorisation to repurchase up to US$100 million of the company’s common shares. The repurchases may be effected from time to time in the open market or privately negotiated transactions through Dec. 31, 2024, AXIS said.

In other company news, AXIS Capital recently announced the appointment of John Owen as CEO of AXIS Managing Agency Limited, its managing agent arm. The company also recently revealed a refreshed brand and published its third-quarter results, reporting gross written premium of US$1.5 billion.

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