Palomar pledges to buy back $40mn of stock ‘opportunistically’ over two years
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Palomar pledges to buy back $40mn of stock ‘opportunistically’ over two years

Palomar logo La Jolla California jt.jpg

Property catastrophe insurer Palomar Holdings intends to buy back $40mn of stock over the next two years, the carrier said on Monday.

Shares will be repurchased on the open market “from time to time” on an opportunistic basis, the insurer explained.


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