-
Progressive Reports October EPS of $.12
Wednesday, November 17, 2010 - 9:38am | 32The Progressive Corporation (NYSE: PGR) today reported the following results for October 2010: Net premiums written $ 1,335.2M Net premiums earned $ 1,394.0M Net income $ 76.5M EPS $.12
-
Sterne Agee Comments On Aspen Insurance Holdings 3Q
Wednesday, November 17, 2010 - 9:36am | 179Following a more thorough review of Aspen Insurance Holdings (NYSE: AHL) third quarter results and taking into account recently announced repurchase activity, Sterne Agee is lowering its 2011 estimate to $3.80 from $3.90. The decrease is driven by reduced top-line growth assumptions, reduced...
-
Stock Market News for November 17, 2010 - Market News
Wednesday, November 17, 2010 - 5:19am | 985Reports of a slowdown in China and concerns that the European debt crisis could spread throughout the continent cast a shadow on Wall Street Tuesday, sending the Dow average to its biggest single-session drop since August. The fast-paced economic growth in some Asian economies, particularly...
-
White Mountains Re Declares Preference Share Dividend of $37.53
Tuesday, November 16, 2010 - 5:32pm | 64The Board of Directors of White Mountains Re Group, Ltd., the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd. (NYSE: WTM), has declared a dividend of $37.53 per share, payable in cash on or before December 31, 2010, to holders of record of its Fixed/Floating Perpetual Non-...
-
AMERISAFE to Acquire Cooperative Mutual's Book of Business
Tuesday, November 16, 2010 - 5:13pm | 104AMERISAFE, Inc. (Nasdaq: AMSF) today announced the signing of a letter of intent to acquire the workers' compensation business of Cooperative Mutual Insurance Company. Effective January 1, 2011, all workers' compensation policies written by Cooperative Mutual will be assumed by American...
-
Wall Street in Retreat: Dow Slides 200 on China, Ireland
Tuesday, November 16, 2010 - 4:42pm | 306Slammed by fears about Ireland's debt mess and China's inflation, the Dow slumped about 200 points and threatened to close below the 11000 level on Tuesday. Today's Markets As of 2:41 p.m. ET, the Dow Jones Industrial Average fell 206.73 points, or 1.84%, to 10996.86, the Standard & Poor's 500...
-
Bull & Lifshitz, LLP Announces Investigation of the Acquisition of CNA Surety Corporation
Tuesday, November 16, 2010 - 2:01pm | 54Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of CNA Surety Corporation (NASDAQ: SUR) (referred to as "CNA Surety" or the “Company”) by CNA Financial Corporation ("CNA Financial") in a cash transaction valued...
-
Zacks Analyst Blog Highlights: BP Plc, Eni SpA, Occidental Petroleum Corporation, ExxonMobil Corporation and AXIS Capital Holdings Limited - Press Releases
Tuesday, November 16, 2010 - 11:36am | 1605For Immediate Release Chicago, IL – November 16, 2010 – Zacks.com Analyst Blog features: BP Plc (BP), Eni SpA (E), Occidental Petroleum Corporation (OXY), ExxonMobil Corporation (XOM) and AXIS Capital Holdings Limited (AXS). Get the most recent insight from Zacks Equity Research with the free...
-
Oppenheimer Raises Estimates And Guidance On Chubb Corp.
Tuesday, November 16, 2010 - 10:31am | 119Oppenheimer is updating its 2010 and 2011 estimates for Chubb (NYSE: CB) to $5.84 and $5.90, respectively. Its 4Q10 estimate of $1.63 is $0.06/share higher than the previous estimate due to a better expected combined ratio, offset by marginally lower net earned premiums. Management guided to a...
-
Top 4 Stocks In The Property & Casualty Insurance Industry With The Highest Dividend Yield (UVE, OB, MCY, CINF)
Tuesday, November 16, 2010 - 5:54am | 125Below are the top property & casualty insurance stocks on the NYSE, the NASDAQ and the AMEX in terms of dividend yield. Universal Insurance Holdings Inc (AMEX: UVE) has a dividend yield of 8.50%. UVE's shares closed at $5.01 yesterday. OneBeacon Insurance Group Ltd (NYSE: OB) has a dividend...
-
ProAssurance Repurchases Shares - Analyst Blog
Monday, November 15, 2010 - 7:33pm | 379In order to return value to its shareholders, the board of directors of ProAssurance Corporation (PRA) authorized a new program of $200 million to repurchase ProAssurance's shares or retire outstanding debt, effective immediately. However, ProAssurance stated that the timing and quantity of the...
-
ProAssurance Repurchases Shares - Analyst Blog
Monday, November 15, 2010 - 7:03pm | 379In order to return value to its shareholders, the board of directors of ProAssurance Corporation (PRA) authorized a new program of $200 million to repurchase ProAssurance's shares or retire outstanding debt, effective immediately. However, ProAssurance stated that the timing and quantity of the...
-
A.M. Best Affirms Ratings on AXIS - Analyst Blog
Monday, November 15, 2010 - 6:21pm | 467Rating agency A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” and existing debt ratings of AXIS Capital Holdings Limited (AXS). The rating agency also affirmed the financial strength rating (FSR) of A (Excellent) and ICR of “a+” of AXIS Specialty and its operating affiliates. The...
-
Adam T. Bergonzi Named Chief Risk Officer of National Public Finance
Monday, November 15, 2010 - 2:52pm | 137National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI), announced today that Adam T. Bergonzi has joined the company as Managing Director and Chief Risk Officer. Reporting to William C. Fallon, Chief Executive Officer, Mr. Bergonzi will be...
-
Oppenheimer Revises Navigators Group Operating Estimates
Monday, November 15, 2010 - 11:38am | 91In a report released today, Oppenheimer said that it is revising its 2010 and 2011 Navigators Group (NASDAQ: NAVG) operating estimates to $3.13/share and $3.31/share, respectively. “Third-quarter share repurchases were below our estimate and our revised 4Q10 EPS estimate reflects a higher average...