For a 14th consecutive year shareholders in Bermuda-based PartnerRe Limited are to get an increased dividend on their shares.

The board of directors of the multi-billion global re-insurer, which reinsures everything from motor vehicles to hurricane risk and even space interests, has increased the annual dividend by 7.5 percent to $1.72 per common share, up from $1.60 per common share.

It represents a remarkable record of increasing dividend pay outs in the common share dividend since its inception in 1993.

Yesterday, the company’s board declared a regular quarterly dividend of $0.43 per common share. The dividend will be payable on March 1 to common shareholders of record on February 19, with the stock trading ex-dividend commencing February 14.