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.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
