Fidelis Insurance rises on $50 mln share repurchase plan

Pelagos Insurance Capital

21/12/2023 15:26

** Shares of Fidelis Insurance  FIHL.N  rise 5.1% to $12.6
    ** Specialty insurer and reinsurer says board authorized $50
mln share repurchase plan
    ** Co may repurchase shares through open market purchases,
accelerated share repurchases, and privately negotiated
repurchases - FIHL
    ** Timing of share repurchases yet to be determined
    ** Up to last close, stock down ~14.36% since debut on June
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 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))