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.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
More Americans Are Moving Away From Flood Risk Than Toward It 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
