Arch Capital adds $1b to buyback programme
Created: Feb 28, 2011 08:00 AM (Updated: Feb 28, 2011 08:36 AM)
Bermuda-based re/insurer Arch Capital Group Ltd has added $1 billion to its share repurchase programme.This will be in addition to the $84.4 million available under a previous share repurchase authorisation.Arch had $4.91 billion in capital at the end of last year. Two weeks ago, the company announced net earnings of $816.7 million for 2010.