Insurance Post

XL Group gets approval to buy back up to $1bn ordinary shares

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The board of XL Group has approved a share buyback programme, allowing the company to purchase up to $1bn (£695m) of its ordinary shares.

The company's previous buyback programme, which had approximately $204.1m remaining, has been cancelled.

In a statement, XL Group said: "The company expects the purchases to be made from time to time

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