The board of U.S. specialty insurer, HCC Insurance Holdings, has approved a new share repurchase program. The new program provides for the repurchase of around $300 million of the company’s common stock. The Texas-based company’s buyback program replaces a previous $300 million repurchase program launched in May last year. HCC Insurance Holdings’ reported assets of $9.1 billion and shareholders’ equity of $3.3 billion as of end of last year.
Click here for the release from Globe Newswire.