Property & Casualty Insurance

XL Insurance, the global insurance operations of XL Group plc (NYSE: XL), today announced the expansion of its product recall team with new underwriters in New York and London. The move follows increasing demand for food and beverage product contamination cover, especially for North American...

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Bermuda received approval from the state of Florida to qualify as an "Eligible Reinsurer," which allows lower collateral requirements on non-domestic reinsurers that are highly rated and financially secure....

Citi is adding XL Group (NYSE: XL) to Top Picks Live, as it sees several potential catalysts including continued redeployment of excess capital for share repurchases and dividends; yield upside within the investment portfolio; continued expense saves and rationalization of wide product portfolio....

Cusick's Corner We have a market that is challenged by good news and bad news. The good news is that the employment picture is looking better, watch for confirmation with the latest unemployment number this Friday. The bad news is that inflation appears to be growing faster than anticipated,...

Cusick's Corner The tennis match continues into the Midday, with the bulls bouncing back from the lows. The market hit the lows on the ADP data which to me was very interesting, thought there could be a run to upside on the heels of a good number. Battle lines are being drawn, with the...

Shares of MBIA Inc. (NYSE: MBI) are lower on the session by 7.96%, trading at $10.17. Overall put volume is now running at 3.69x the daily average, with 9% of all puts traded being purchases on the offer. 11,885 contracts have traded on the session so far. MBIA Inc. provides financial guarantee...

Old Republic International Corporation (NYSE: ORI), today announced that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2018 and $250 million aggregate principal amount of senior notes due 2021 in concurrent...

In a report published by Deutsche Bank, MBIA's (NYSE: MBI) 4Q loss was higher than expected. According to Deutsche Bank, MBIA's operating loss per share was $1.56 versus the Street loss estimate of $0.27 and our loss estimate of $0.40. “The $1.56 loss per share is based on our calculations. The...

Wunderlich Securities reiterated its Tower Group (NASDAQ: TWGP) Buy rating and $32 price target in a research report published today. In the report, Wunderlich Securities states, "The company's guidance reflects the following factors: more conservative loss pick for existing business; higher...

Shares of Tower Group, Inc. (NASDAQ: TWGP) are crashing lower this morning after the company announced Q4 earnings. The company said the EPS came in at $0.84 on revenues of $372.9 million. This compares to the Street estimates of $0.83 per share on revenues of $376.1 million. Revenues increased 59...

The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of 27.5 cents ($0.275) per share on the issued and outstanding common stock of the company, payable March 29, 2011, to shareholders of record at the close of business on March 15...

Tower Group (NASDAQ: TWGP) reports its Q4 EPS at $0.92, versus the consensus of $0.83. TWGP reports its Q4 revenue at $419.76 million, versus the consensus of $376.13 million. TWGP shares fell 0.04% to $27.17 in after-hours trading. Read more from Benzinga's Company news.

W. R. Berkley Corporation (NYSE: WRB) announced that its Board of Directors has increased the Company's share repurchase authorization to 10 million shares of common stock. The 10 million share repurchase authorization represents approximately 7 percent of the Company's shares outstanding at...

Piper Jaffray continues to rate shares of Assured Guaranty (NYSE: AGO) Overweight with a $26 price target. Now more than ever, we believe investors should look at AGO and the potential returns/upside in the shares. Piper believes it is an attractive opportunity for value as well as growth investors...

Piper Jaffray has lowered the price target on Assured Guaranty (NYSE: AGO) from $30 to $26 and maintains its Overweight rating.