Arch Capital (ACGL) Increases Buyback to $1.5 Billion, Announces Catastrophe Loss Estimates
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Arch Capital Group Ltd. Announces Catastrophe Loss Estimates and Provides Update on Share Repurchase Authorization
October 11, 2021 4:15 PM EDTEstimated pre-tax net catastrophe losses of $330 million to $345 million across the property casualty insurance and reinsurance segments in the 2021 third quarter. Range of estimates includes losses from Hurricane Ida, European floods and other global events. Board of Directors increases share repurchase program to an aggregate of up to $1.5 billion through Dec. 31, 2022.
PEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. [NASDAQ: ACGL; the Company] reports that its 2021 third quarter results will be negatively impacted by the effects of Hurricane Ida and the July flooding events in Central Europe, as well... More
