Property & Casualty Insurance

Bank of America provided color on the Travelers Companies (NYSE: TRV). In a research report published today, Bank of America expressed its optimism about the company's long term outlook after a meeting with the company's management. In the report, Bank of America states, "The main point of...

Cincinnati Financial Corporation (Nasdaq: CINF) today announced that The Cincinnati Insurance Companies' property casualty group expects its second-quarter results to include pre-tax catastrophe losses, net of reinsurance, of approximately $240 million to $290 million incurred due to severe weather...

Citi is out with its report today on Transatlantic Holdings (NYSE: TRH), maintaining Buy, after TRH announced the signing of a definitive merger with Allied World Holdings (NYSE: AWH). In a note to clients, Citi writes, "The transaction is structured as a merger of equals, with shareholders of TRH...

Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 43 points to 11,916.00 and futures on the S&P 500 stock index rose 4.20 points to 1,268.70. Nasdaq 100 futures gained 5.00 points to 2,222.75. A Peek Into Global Markets Asian...

Allied World Assurance Co Holdings (NYSE: AWH) agreed to buy Transatlantic Holdings (NYSE: TRH) for $3.2 billion in stock. Transatlantic shareholders will receive 0.88 AWH share each, or $51.10 per share, representing a 16.1% premium over TRH's closing price on Friday. Robert Orlich, President...

There was no activity on the Merger Arbitrage front last week as no new deals were announced. Four pending deals closed. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals...

Shares of Dow component and insurance giant The Travelers Companies, Inc. (NYSE: TRV) are down sharply today, losing almost 3% after the company said this morning that it would face $1 billion in losses from the damage seen in the Midwest and Southern parts of the United States. Due to the losses...

By Andrew Hawkins We took a look at 7 companies that are offering attractive dividends. These companies are in good positions to see growth and will help any portfolio see exceptional yields. RLI Corporation (RLI): RLI Corp. is a specialty insurance provider operating in 3 main segments. The 3...

By Andrew Hawkins We took a look at 7 companies that are offering attractive dividends. These companies are in good positions to see growth and will help any portfolio see exceptional yields. RLI Corporation (RLI): RLI Corp. is a specialty insurance provider operating in 3 main segments. The 3...

By Andrew Hawkins We took a look at 7 companies that are offering attractive dividends. These companies are in good positions to see growth and will help any portfolio see exceptional yields. RLI Corporation (RLI): RLI Corp. is a specialty insurance provider operating in 3 main segments. The 3...

CNA Financial Corporation (NYSE: CNA) announced today that an indirect wholly-owned subsidiary of CNA Financial, Surety Acquisition Corporation (“Surety Acquisition”), has successfully completed its previously announced tender offer for all of the outstanding shares of CNA Surety Corporation (“CNA...

Mortgage Insurers are dropping sharply on news that MGIC Investment Corp. (NYSE: MTG) released horrible monthly operating statistics. MGIC said that there was an increase in newly delinquent loans. Names like PMI Group (NYSE: PMI), MBIA (NYSE: MBI) and Radian Group Inc. (NYSE: RDN) are all...

Citi is out with its report today on XL Group (NYSE: XL), reiterating Buy. In a note to clients, Citi writes, "We reiterate our Buy rating — despite an investor day that fell short we view XL as well-positioned in the medium and long-term owing to our estimate of ~$2B+ of excess capital. This...

Shares of The Travelers Companies (NYSE: TRV) are higher on the session by 0.45%, currently trading at $61.33. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short...

Wunderlich Securities provided color on the insurance sector ahead of the hurricane season. Wunderlich believes the hurricane activity will be on track with the high activity in 2010. In a research report published today, Wunderlich commented on which insurance companies are best suited to...