Reinsurance

Validus Holdings, Ltd. (NYSE: VR) today responded to statements by Transatlantic Holdings, Inc. (NYSE: TRH) regarding Validus' Exchange Offer. Ed Noonan, Chairman and Chief Executive Officer of Validus, said, “We are disappointed but not surprised by today's response from the Transatlantic Board...

Allied World Assurance Company Holdings, AG (NYSE: AWH) today issued the following statement on the decision by the board of directors of Transatlantic Holdings, Inc. (NYSE: TRH) to again reaffirm its recommendation of the Transatlantic and Allied World merger. In a statement, Allied World said...

According to KBW, Transatlantic Holdings (NYSE: TRH), PT and rating are maintained. KBW announced that 2Q11 was relatively similar to initial estimates. EPS estimates have not changed. Therefore, PT is maintained at $53 and rating is reiterated at Market Perform. TRH closed yesterday at $51.78.

Transatlantic Holdings, Inc. (NYSE: TRH) today announced that its Board of Directors, after consultation with its independent financial and legal advisors, has unanimously determined to recommend that stockholders reject Validus Holdings, Ltd.'s (NYSE: VR) Exchange Offer to acquire all the...

JP Morgan reiterated its Overweight rating on Endurance Specialty Holdings (NYSE: ENH). At the same time, the rating agency left its price target on the company's stock unchanged at $52. On Wednesday, ENH added 1.3% to its value to end the day at $41.29.

J.P. Morgan Chase & Co. is out with a research report on PartnerRe Ltd. (NYSE: PRE) and it has a Neutral rating and a $76 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "After the close, PartnerRe (PRE: N) updated its net 2Q catastrophe loss estimate to $89...

Wunderlich Securities reiterated its Buy rating on Maiden Holdings (NASDAQ: MHLD). At the same time, the rating agency left its price target on the company's stock unchanged at $12. On Tuesday, MHLD lost 0.85% of its value to finish the day at $9.30.

PartnerRe Ltd. (NYSE: PRE) today provided information on the net impact of catastrophe-related large losses affecting second quarter 2011 results. Large losses related to the significant tornado activity in the U.S. in April and May 2011 are estimated to total $89 million, which includes the...

Sterne Agee reiterated its Neutral rating on Arch Capital Group (NASDAQ: ACGL). At the moment, the rating agency has a price target of $35 placed on the company's stock. On Monday, ACGL closed the day at $33.10.

Transatlantic Holdings, Inc. (NYSE: TRH) today confirmed that Validus Holdings, Ltd. (NYSE: VR) has commenced an unsolicited exchange offer to acquire all outstanding common shares of Transatlantic. Pursuant to the Validus exchange offer, Transatlantic stockholders would receive 1.5564 Validus...

JP Morgan downgraded its rating on PartnerRe (NYSE: PRE) from Overweight to Neutral. At the same time, the rating agency reduced its price target on the company's stock $91.50 to $76. On Friday, PRE lost 0.56% of its value to finish the day at $68.78.

Pre-open movers US stock futures are lower this morning, as the nation's debt ceiling talks failed to progress. Futures for the Dow Jones Industrial Average dipped 95 points to 12,526.00 and S&P 500 index futures fell 9.80 points to 1,330.20. Nasdaq 100 futures dropped 14.75 points to 2,413.25...

Validus Holdings, Ltd. (NYSE: VR) earlier today commenced an Exchange Offer for all of the outstanding shares of common stock of Transatlantic Holdings, Inc. (NYSE: TRH). Under the terms of the Exchange Offer, Transatlantic stockholders would receive 1.5564 Validus voting common shares and $8.00 in...

KBW reiterated its Market Perform rating on Platinum Underwriters Holdings (NYSE: PTP). At the same time, the rating agency left its price target on the company's stock unchanged at $39. On Tuesday, PTP closed the day at $33.37.

Transatlantic Holdings, Inc. (NYSE: TRH) today announced that it has filed supplemental material with the U.S. Securities and Exchange Commission regarding Transatlantic's merger agreement with Allied World Assurance Company Holdings, AG (NYSE: AWH) entered into on June 12, 2011, as well as the...