The Bermuda-based Arch Capital Group Ltd. announced that its Board of Directors has authorized the Company to invest up to $1 billion in the Company’s common shares through a share repurchase program.
“Repurchases under the program may be effected from time to time in open market or privately negotiated transactions through February 2009,” said the bulletin. “The timing and amount of the repurchase transactions under this program will depend on a variety of factors, including market conditions and corporate and regulatory considerations.”
Was this article valuable?
Here are more articles you may enjoy.
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling 
CRC Group Signs Agreement to Acquire Euclid Transactional 
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
