Property & Casualty Insurance

Insurance company Axis Capital Holdings Limited (NYSE: AXS) announced after the market closed on Monday that it beat consensus Wall Street earnings estimates. Axis Capital Holdings Limited reported that its 3rd quarter operating income rose to $164 million, or $1.22 per share, up from $152 million...

Meadowbrook Insurance Group, Inc. (NYSE: MIG) reported that third quarter 2010 net operating income, a non-GAAP measure, grew by 25.0% or $2.9 million to $14.6 million, or $0.27 per diluted share, compared to $11.7 million, or $0.20 per diluted share, in the third quarter of 2009. Net income...

Harleysville Group Inc. (NASDAQ: HGIC) today reported diluted operating income of $0.76 per share for the third quarter of 2010, compared to $0.83 per share in the third quarter of 2009. Catastrophe losses incurred during the third quarter of 2010 reduced operating income by $0.09 per share after...

Harleysville Group Inc. (NASDAQ: HGIC) today reported diluted operating income of $0.76 per share for the third quarter of 2010, compared to $0.83 per share in the third quarter of 2009. Catastrophe losses incurred during the third quarter of 2010 reduced operating income by $0.09 per share after...

AXIS Capital Holdings Limited (NYSE: AXS) today reported net income available to common shareholders for the third quarter of 2010 of $239 million, or $1.78 per diluted common share, compared with a net loss of $96 million, or $0.70 per diluted common share, for the third quarter of 2009. Net...

CNA Surety Corporation (NYSE: SUR) is up 20% today on strong volume, after the company agreed to be acquired by CNA Financial (NYSE: CNA). The agreed upon price was $375 million in cash, which is a $22 per share offer. Shares are currently above the $22 offer, suggesting an alternative or raised...

Harleysville Group (NASDAQ: HGIC) is expected to release 3Q10 results today, November 1, after the close, Wunderlich Securities reports. “We expect HGIC will report operating EPS declined 4% to $0.79 compared to $0.83 a year ago; consensus forecast is $0.78,” Wunderlich Securities writes. “We...

Wunderlich Securities reports that AXIS Capital Holdings Ltd. (NYSE: AXS) is expected to report results for 3Q10 today after the market close. “We estimate EPS of $1.04 for 3Q10 compared to $1.00 a year ago; the consensus estimate is $1.16,” Wunderlich Securities writes. “We believe AXS's...

CNA Surety Corporation (NYSE: SUR) announced today that it has received a proposal from CNA Financial Corporation (NYSE: CNA) to acquire all of the outstanding shares of common stock of CNA Surety that are not currently owned by subsidiaries of CNA for $22.00 per share in cash. CNA, through its...

AXIS Capital Holdings Limited (NYSE: AXS) today announced that Albert Benchimol will join the Company as Chief Financial Officer on January 17, 2011. Mr. Benchimol will also join the Company's Executive Committee and report directly to John Charman, Chief Executive Officer and President of AXIS...

Ambac Financial Group, Inc. (NYSE: ABK) is dropping sharply in pre-market trading, as the company has said it missed its bond payment due today intentionally, and will most likely file Chapter 11, if it can not raised capital. The company is already in talks with its lenders about a prepackaged...

Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2010: Net income in the third quarter 2010 was $96.8 million ($1.77 per diluted share) compared with net income of $157.7 million ($2.85 per diluted share) for the same period in 2009. For the nine months of 2010, net...

CNA Financial Corporation (NYSE: CNA) on Monday morning released financial results that showed a smaller loss than Wall Street expected. CNA Financial Corporation reported a 3rd quarter net operating loss of $158 million, or 66 cents per share. A poll of analysts conducted by Thomson Reuters showed...