The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.

The company said the repurchases may be effected from time to time in the open market or privately negotiated transactions through December 31, 2023.

The board has also declared a quarterly dividend of $0.44 per common share payable on January 18 to shareholders of record at the close of business on December 30.

In addition, the board declared a dividend of $34.375 per Series E 5.50 per cent preferred share (equivalent to $0.34375 per depositary share) payable on January 18 to shareholders of record at the close of business on December 30.