NEW YORK -
Insurer Allied World Assurance Co. said Monday it repurchased 19.4 percent of its common shares outstanding from a subsidiary of American International Group Inc.
Allied World Assurance (nyse: AWH - news - people ) repurchased about 11.7 million shares for $563.4 million, or $48.19 per share, from the AIG unit.
Shares of Allied World Assurance closed Friday at $47.08.
Insurer Allied World Assurance Co. said Monday it repurchased 19.4 percent of its common shares outstanding from a subsidiary of American International Group Inc.
Allied World Assurance (nyse: AWH - news - people ) repurchased about 11.7 million shares for $563.4 million, or $48.19 per share, from the AIG unit.
Shares of Allied World Assurance closed Friday at $47.08.
1 comment:
AIG was one of Allied World Assurance's founding shareholders and helped provide initial capitalization of the company in 2001.
Post a Comment