** Shares of life insurer Globe Life rise ~1% to $110.29 premarket
** GL approves share buyback worth up to $1.8 bln under its existing stock repurchase program
** Authorization has no set time period and replaces previous authorization of $1.3 bln announced in April - GL
** Piper Sandler says the buyback authorization is incrementally positive as there was a significant amount of "opportunistic" share repurchase activity since the April announcement
** As of last close, GL shares down 10.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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