The board of Axis Capital Holdings Ltd has approved a 20% increase in the quarterly dividend to $0.15 per common share, the company announced.
The board of the Bermuda-based specialist insurer has also approved a $150m share repurchase. The repurchases will be made available in the open market or through private transactions, depending on market conditions.
Shareholders' equity at 31 December 2004 was in excess of $3.2 billion, the company reported.