Property & Casualty Insurance

Keefe, Bruyette & Woods is reiterating its Outperform rating and is maintaining its price target of $40 on Argo Group International (NASDAQ: AGII), reflecting less severe Japan losses than originally projected. In the report, Keefe, Bruyette & Woods writes, “Argo Group announced a...

Harleysville Group Inc. (NASDAQ: HGIC) today announced that unusually severe winter weather losses will impact its first quarter results. The company expects to report first quarter diluted operating income approximating last year's first quarter results of $0.28 per share after taxes. The...

RLI Corp (NYSE: RLI) Reports Q1 EPS of $1.11 vs. $0.92 Estimate; Revenue $136.8 vs. $137.84M Estimate

UPDATE: Harleysville Group Guides Q1 EPS $0.28 vs. $0.66 Estimate (NASDAQ: HGIC). This was mainly due to catastrophe losses and bad weather.

AXIS Capital Holdings Limited (NYSE: AXS) today estimated that the total net financial impact of the Japan earthquake and tsunami is expected to be $285 million, net of tax, reinsurance recoveries and reinstatement premiums.

Argo Group International Holdings, Ltd. (Nasdaq: AGII) announced today its preliminary pre-tax loss estimate for the March 11, 2011, earthquake and tsunami in the Tohoku region of Japan is approximately $60 million, net of reinsurance and reinstatement premiums.

Wunderlich Securities has a Buy rating and a $25 price target on shares of Amerisafe, Inc. (NASDAQ: AMSF). In a note to clients, Wunderlich writes, "Wunderlich Securities recently hosted an investor marketing trip with CEO Allen Bradley and CFO Janelle Frost of AMERISAFE, Inc. (AMSF). Discussion...

Cusick's Corner The market finished in the green today, but not enough to salvage the week which finished down. While this was an orderly pullback, the market appeared overbought so this was somewhat expected. Traders had mixed earnings and headline risks from the EU to contend with, while the...

Cusick's Corner The market is up, bonds are up, earnings were mixed and the data was in line -- the trend is still strong. Bonds and Equities going up at the same time is a weird dynamic, one that traders are watching closely because this breaks from their contradictory nature that they usually...

Shares of MBIA Inc. (NYSE: MBI) are higher on the session by 17.13%, trading at $10.46. Overall call volume is now running at 4.54x the daily average, with 35% of all calls traded being purchases on the offer. 11,085 contracts have traded on the session so far. MBIA Inc. together with its...

Best 1) Opexa Therapeutics (NASDAQ: OPXA): Trading up 24% from yesterday's close to $2.27. A positive report emanating from a clinical trial of its drug Tovaxin has shares up. 2) Assured Guaranty (NYSE: AGO): Trading up 18.84% from yesterday's close to $16.84. Bank of America (NYSE: BAC) has...

Piper Jaffray is reiterating its Overweight rating and $25 price target on shares of Assured Guaranty (NYSE: AGO) after the company announced a settlement with Bank of America this morning. In a note to investors, Piper Jaffray writes, "AGO announced a settlement with Bank of America and its...

MBIA (NYSE: MBI) is trading higher today pre-market. At the time of posting, shares of MBI were at $10.10, up 13.10% from Thursday's close.

MBIA Inc. (NYSE: MBI) shares are squeezing higher in pre-market trading, gaining nearly 3% after Soleil Securities reiterated a Buy rating on shares. At last check, shares of MBIA were up 24 cents to $9.17, a gain of 2.7%. MBIA Inc. provides financial guarantee insurance and related reinsurance,...

Assured Guaranty Ltd. (NYSE: AGO) announced today that it has reached a comprehensive settlement with Bank of America (NYSE: BAC) Corporation and its subsidiaries, including Countrywide Financial Corporation and its subsidiaries, regarding their liabilities with respect to 29 residential mortgage-...