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Assurant's board approves new share buy back of up to USD600m common stock

Nov 06, 2018 - Global Banking News

Assurant Inc (NYSE:AIZ) revealed on Tuesday that its board of directors approved a new repurchase programme for up to USD600m of the company's outstanding common stock.

The new share repurchase will take effect once the company's current programme is completed, which has an estimated USD176m of authorisation remaining as of 2 November 2018.

Also, the company said that the share buy back may use the open market and private transactions and when these purchases will be made, will depen...