Insurer XL Group Plc said Friday its board has approved a share buyback program of up to $1 billion. The company said an early program that had $204.1 million remaining has been cancelled. The company said it will pay a quarterly dividend of 20 cents a share on June 30 to shareholders of record as of June 15. Shares were not yet active in premarket trade, but are down 13% in the year so far, while the S&P 500 has gained about 1%.
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