Pelagos Insurance Capital’s board of directors has replenished the company’s share buyback authorisation, bringing it to $400 million.

The specialty insurance and reinsurance capital allocator also announced an increase in its quarterly dividend to 22 cents per share.

The board declared the dividend payable on December 23, 2026, to common shareholders of record on December 11, 2026.

Dan Burrows, group chief executive officer of Pelagos Insurance Capital, said: “Today’s actions reflect the strength of our balance sheet and our ability to increase capital returns while continuing to pursue profitable growth opportunities.

“We remain on track to deliver mid-single-digit top line growth in 2026, supported by our expanding network of underwriting partners, as we continue to return value to shareholders through dividends and accretive share repurchases.”