Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares.
“This reflects an increase of approximately 2.1 million common shares to the approximately 2.9 million common shares remaining under the prior authorization announced by the Company on November 19, 2007,” said the bulletin. “To date in 2008, the Company has repurchased a total of 1.5 million common shares.
“From time to time, and depending on market conditions, the repurchase program will be accomplished in open market or privately negotiated transactions.”
Source – PartnerRe Ltd. – www.partnerre.com
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index 
CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO 
Claims Against NYC Rental Buildings Nearly Doubled Since 2021: Milford Street 
How Insurers Can Gain the Most Value From Their AI Investments: Accenture 
