Property & Casualty Insurance

Allstate Corp. (NYSE: ALL) has added Citigroup (NYSE: C) and Deutsche Bank (NYSE: DB) to its list of banks that misrepresented certain mortgage-backed securities. Allstate already has suits against J.P. Morgan Chase & Co. (NYSE: JPM) and Bank of America Corp.'s (NYSE: BAC) Countrywide Financial...

Stocks on the Move (ACE) New Year High ..

Keefe, Bruyette & Woods reiterated its Allied World Assurance Holdings (NYSE: AWH) Outperform rating and raised Allied's price target to $76 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Results missed KBW as strong current AY profitability (despite...

Keefe, Bruyette & Woods maintained its Navigators Group (NASDAQ: NAVG) Market Perform rating and raised Navigators Group's price target to $50 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Results modestly beat as higher other income more than offset...

Argo Group International Holdings, Ltd. (Nasdaq: AGII) announced today its board of directors has authorized the company to repurchase $150 million of Argo Group common stock. The new share repurchase authorization supersedes the previous authorization announced on Nov. 13, 2007.

Keefe, Bruyette & Woods raised its Harleysville Group (NASDAQ: HGIC) price target from $35 to $38 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Harleysville reported a solid fourth quarter as lower-than-expected weather losses and better-than-expected...

Allied World Assurance Company Holdings, AG (NYSE: AWH) today reported record net income of $665.0 million, or $13.32 per diluted share, for the year ended December 31, 2010 compared to net income of $606.9 million, or $11.67 per diluted share, for the year ended December 31, 2009. Net income for...

Harleysville Group Inc. (NASDAQ: HGIC) today reported diluted operating income of $0.76 per share for the fourth quarter of 2010, compared to $0.84 per share in the fourth quarter of 2009. Catastrophe losses incurred during the fourth quarter of 2010 reduced operating income by $0.07 per share...

The Board of Directors of The Coca-Cola Company (NYSE: KO) today elected Evan G. Greenberg as a Director of the Company, effective immediately. Mr. Greenberg, 56, is Chairman, President and Chief Executive Officer of ACE Limited (NYSE: ACE), a global insurance and reinsurance company.

AmTrust Financial Services (NASDAQ: AFSI) reported operating results for 4Q and year-end 2010 above Wunderlich's expectations. Operating EPS for 4Q10 were $0.57 versus Wunderlich's estimate of $0.54 and a year ago of $0.52. The consensus was in line with Wunderlich's estimate. The company continues...

ACE Insurance Litigation Watch, the online repository for lawsuits against the ACE Ltd. insurance company (NYSE: ACE), today highlighted that the ACE subsidiary Century Indemnity Insurance Company, after being cited two months ago by the Los Angeles District Court for “egregious” delays of payments...

Keefe Bruyette & Woods has published a research report on AmTrust Financial Services (NASDAQ: AFSI) after the company reported 30% top-line growth in 2010. In the report, Keefe Bruyette writes "AmTrust's beat was driven by strong premium production and solid underwriting results. We're...

The Progressive Corporation (NYSE: PGR) today reported the following results for January 2011: Net premiums written $ 1,375.0M Net income $ 112.6M

Wunderlich Securities has raised the price target on Amtrust Financial Services, Inc. (NASDAQ: AFSI) from $20 to $23 and maintains its Buy rating.

Meadowbrook Insurance Group, Inc. (NYSE: MIG) reported that net operating income for the year ended December 31, 2010 increased 8.8% to $58.2 million, or $1.07 per diluted share, up from $53.5 million, or $0.93 per diluted share, for the comparable prior year period. Fourth Quarter: Net operating...