Hamilton Insurance Group, Ltd. (NYSE:HG) announces a share repurchase program. Under the agreement, the company will repurchase up to 9,124,729 shares for $109.5 million. The shares will be repurchased at $12 per share.

The shares will be repurchased from BSOF Master Fund L.P. and Bsof Master Fund II L.P.. The repurchases will be funded from a loan under the Company?s existing credit facility which the Company intends to repay with funds withdrawn from the Two Sigma Hamilton Fund. The repurchased shares will be cancelled.

The agreement will be valid till May 10, 2024.