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Enstar Group Reports FY10 EPS of $12.66
Monday, March 7, 2011 - 7:06am | 61Enstar Group Limited (NASDAQ: ESGR) reported its FY10 earnings at $174.1 million, or $12.66 per share, up from $135.2 million, or $9.84 per share, in the year-ago period. ESGR shares fell 0.36% to close at $82.78 on Friday. Read more from Benzinga's Company news.
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RenaissanceRe Completes Sale of U.S.-Based Admitted Insurance Operations to QBE
Friday, March 4, 2011 - 4:02pm | 36RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today that it has completed the sale of its U.S.-based admitted insurance operations to QBE Holdings, Inc.
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Platinum Underwriters Holdings, Ltd. to Report First Quarter 2011 Financial Results on April 19
Friday, March 4, 2011 - 10:20am | 60Platinum Underwriters Holdings, Ltd. (NYSE: PTP) will report financial results for the quarter ended March 31, 2011 after the close of trading on the New York Stock Exchange on Tuesday, April 19, 2011. The Company will host a teleconference to discuss the financial results on Wednesday, April 20...
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Validus Holdings, Ltd. to Release First Quarter 2011 Financial Results on May 5, 2011
Thursday, March 3, 2011 - 4:20pm | 68Validus Holdings, Ltd. (NYSE: VR) (“Validus” or the “Company”) announced today that it plans to release its financial results for the quarter ended March 31, 2011, after the close of trading on the New York Stock Exchange on Thursday, May 5, 2011. The Company will hold a conference call for...
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BGB Securities Reiterates Buy On Maiden Holdings, Ltd. (MHLD)
Thursday, March 3, 2011 - 9:54am | 117BGB Securities has issued a research report reiterating their recommendation of Maiden Holdings, Ltd. (NASDAQ: MHLD) as a Buy. "We continue to recommend MHLD a BUY as the company adds top line premiums while maintaining profitable underwriting margins," writes BGB. "Barring another acquisition, we...
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RenaissanceRe CEO Adopts 10b5-1 Plan to Sell up 150,000 Shares
Tuesday, March 1, 2011 - 4:19pm | 141RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced that its Chief Executive Officer, Neill A. Currie, has adopted a pre-arranged stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 and RenaissanceRe policies for the purpose of selling limited amounts of...
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Validus Expects Loss of $25M to $50M from New Zealand Earthquake
Monday, February 28, 2011 - 8:14am | 125Validus Holdings, Ltd. (NYSE: VR) today commented on worldwide loss activity occurring in the first quarter of 2011, including the February 22, 2011 New Zealand earthquake. The Company has taken note of the preliminary loss estimates from commercial catastrophe model vendors and conducted an...
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Wunderlich Maintains Buy on Maiden Holdings (MHLD)
Monday, February 28, 2011 - 7:47am | 119Wunderlich is out with its report today on Maiden Holdings (MHLD), maintaining Buy. In a note to clients, Wunderlich states, "Maiden Holdings Ltd. is expected to report 4Q and year-end 2010 results on Tuesday, March 1, after the market close. We anticipate 4Q10 will demonstrate strength in...
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Flagstone Re Estimates Loss from Australian Storms of $60M to $80M
Monday, February 28, 2011 - 7:36am | 75Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) today announced that its preliminary estimate from loss events that have occurred in Australia in the first quarter of 2011 is expected to be between $60 to $80 million, net of reinstatement premiums and retrocession. These events include, large-...
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Arch Capital Group Ltd. Announces Additional $1 Billion Share Repurchase Authorization
Friday, February 25, 2011 - 8:50am | 101Arch Capital Group Ltd. (NASDAQ: ACGL) today announced that its Board of Directors authorized the Company to invest up to an additional $1 billion in the Company's common shares. This authorization is in addition to the $84.4 million available at February 24, 2011 under the Board's previous share...
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RenaissanceRe Holdings Increases Dividend to $0.26
Wednesday, February 23, 2011 - 4:54pm | 38The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) today voted to increase the Company's quarterly dividend to $0.26 per common share on its common stock, from $0.25 per common share.
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J.P Morgan Updates Its Estimates On Transatlantic Holdings
Tuesday, February 22, 2011 - 8:09am | 84J.P Morgan is updating its estimates for Transatlantic Holdings (NYSE: TRH) following 4Q 2010 results. Specifically, J.P Morgan is lowering its 2011 and 2012 operating EPS estimates by $0.90 and $0.25 to $5.35 and $5.80, respectively. Its new estimates reflect lower expected premium growth,...
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (IBKR, PNSN, ESGR, UMBF)
Friday, February 18, 2011 - 3:23am | 143Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. Interactive Brokers Group Inc (NASDAQ: IBKR) had $20.29 billion in total cash for the latest quarter. IBKR's total debt for the same period amounted to $2.14 billion. Penson Worldwide Inc (NASDAQ: PNSN) had $6...
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Platinum Underwriters Holdings Increases Buyback Program to $250M
Wednesday, February 16, 2011 - 2:59pm | 109Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced today that it has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. This represents an increase of approximately $139.9 million from the approximately $110....
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Deutsche Bank Downgrades RenaissanceRe To Hold, PT To $70
Wednesday, February 16, 2011 - 7:28am | 28Deutsche Bank has downgraded RenaissanceRe Holdings (NYSE: RNR) from Buy to Hold and has raised the price target from $65 to $70.