Bermuda-based XL Capital Ltd. announced today that its board of directors has approved a plan to repurchase $1 billion of its Class A ordinary shares.
The company said the purchases will be made "from time to time in the open market" or in privately negotiated transactions, funded with cash or the proceeds of securities it issues.
XL said further that the timing and amount of the share repurchases under the program will depend on market conditions, legal requirements and other factors.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
