XL Group Authorizes $750 Mln Share Buyback Program

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2/27/2012 5:16 PM ET

XL Group plc (XL: Quote) Monday approved a new share buyback program, authorizing to buy back up to $750 million of its ordinary shares. The authorization replaces the about $190 million remaining under a previously authorized share buyback program.

The Board declared a quarterly dividend on February 24 of $0.11 per share payable on April 2 to shareholders as of March 15.

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