The board of PartnerRe has permitted another share repurchase authorization of about 7 million common shares. The authorization will replace the risk-assumption solutions provider’s prior authorization of 7 million common shares that it approved in September 2010. The company will continue the buyback program in open market or privately negotiated or structured transactions. In September, PartnerRe bought back 13.9 million shares and had about 76 million outstanding.

Click here for the release from PartnerRe.