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21 May 2012

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Axis Capital and Arch accelerate share buybacks

17 December 2009

Bermudian (re)insurers Axis Capital and Arch have made substantial progress in their share buyback plans, with a new authorisation from the former to repurchase $500mn and news of $252mn of shares bought back in Q4 from the latter.

They follow a series of similar announcements by specialty (re)insurers, including a resumption of a $1bn buyback programme from Munich Re and a $262mn special dividend from fellow Bermudian Lancashire.

Since the Q3 results Chubb, Endurance, Everest Re, Travelers, Validus, Fairfax and...

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