Arch Capital Adds $1 Billion To Repurchase Plan

Arch Capital (Nasdaq: ACGL), a property and casualty and reinsurance firm based in Bermuda, has added $1 billion to its share buyback warchest, which still has $350.1 million left.

Under the new program, Arch Capital can repurchase shares up until Dec. 31, 2011. Arch Capital shares are up 10% in the past three months.