Bermuda-based insurer ESG Re Ltd. yesterday announced that it has purchased 792,800 of its common shares in a private purchase transaction effective at the close of business December 18.

The shares will be cancelled and returned to authorised but unissued status in accordance with Bermuda law.

After the purchase, ESG will have 11,113,805 common shares outstanding.

ESG Re has seen its share price fall from $5 at the beginning of the year to 36 cents a share yesterday.

Offshore Investment Fund delisted from BSX

The Offshore Investment Fund Limited has been delisted from the Bermuda Stock Exchange. The delisting, which took effect on Monday, was made at the request of the Fund, which is being wound up.