Property & Casualty Insurance

The Progressive Corporation (NYSE: PGR) today reported the following results for the first quarter 2011: Net premiums written $ 3.90B Net income $ 362.9M EPS $0.55

Keefe, Bruyette & Woods are maintaining a Market Perform rating and a price target of $29.50 on Aspen Insurance Holdings (NYSE: AHL) after the company released its losses from the Japan tragedy. According to Keefe, Bruyette & Woods, “Aspen announced Japan earthquake/tsunami losses of $160...

According to Wunderlich Securities, Tower Group (NASDAQ: TWGP) is rebuilding momentum. Wunderlich Securities reported that on April 5-6, 2011, it hosted CEO Michael Lee and CFO Bill Hitselberger of Tower Group on a marketing trip. “We believe the company's strategy will prove successful in driving...

Progressive Corp. (NYSE: PGR) reports 2011 first-quarter earnings before the opening bell on Thursday Aprll 14. Analysts expect the company to earn a profit of $0.43 per share on revenues of $3.88 billion. Earnings estimates have increased 10% over the past month. Optimism is running high for the...

Shares of The Progressive Corporation (NYSE: PGR) are lower on the session by 0.51%, trading at $21.41. Overall call volume is now running at 2.23x the daily average, with 47% of all calls traded being purchases on the offer. 1,120 contracts have traded on the session so far. The Progressive...

Selective Insurance Group, Inc., (NASDAQ: SIGI) today announced the appointment of Ronald St. Clair as Executive Vice President, Chief Information Officer. Mr. St. Clair will be assuming the ITS responsibilities of Richard Connell, who retired from Selective on April 1, 2011.

Piper Jaffray is out with its report today on Hallmark Financial (NASDAQ: HALL), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We continue to rate shares of Hallmark Financial Overweight with an $11.00 price target following marketing meetings with Chairman Mark Schwarz and...

I've been talking about how weak the rally looks internally the past few weeks and how I'm looking for volume to re-enter the market to give us some momentum in either direction.  I didn't want to take a position randomly because I know how the market can easily just float higher and higher and...

Cusick's Corner This is the week that the market gets to focus on corporate earnings (with some high expectations) and not on headlines like the EU debt crisis or tectonic shifts in Asia. This does not mean that the prospect of market volatility has increased -- as you can see from the anemic...

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that it expects approximately $75 million in losses and loss expenses from the March 11, 2011 Tohoku earthquake and tsunami in Japan.  This amount is pre-tax and net of reinsurance recoverables. The March 11, 2011 Tohoku...

Shares of Assured Guaranty Ltd. (NYSE: AGO) are higher on the session by 0.74%, currently trading at $15.06. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

The Chubb Corporation (NYSE: CB) has hit a 52-week high in today's trading. At last check the year-to-date performance of Chubb has been a gain of 5%.

OneBeacon Insurance Group, Ltd. (NYSE: OB) announced today the early tender results of the previously announced cash tender offer of its indirect wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc., formerly known as Fund American Companies, Inc., for up to $150 million in aggregate principal...

Allstate Insurance (NYSE: ALL) is pursuing a plan to open nearly 50 new Agency offices around the state, the company announced today. Roughly half of those openings will be in North Florida.

Inland Real Estate Corporation (NYSE: IRC) today announced that its joint venture with Inland Private Capital Corporation (IPCC) has acquired a 66,393-square-foot, single-tenant retail property located in the Chicago, Illinois suburb of Arlington Heights. The property is leased to Mariano's Fresh...