Reinsurance

Considering the current market volatility coupled with other valued growth indicators, we are reiterating our recommendation for the shares of PartnerRe Inc. (PRE) at Neutral. Although the current economic turmoil has dampened growth and the operating leverage of organizations across the...

Considering the current market volatility coupled with other valued growth indicators, we are reiterating our recommendation for the shares of PartnerRe Inc. (PRE) at Neutral. Although the current economic turmoil has dampened growth and the operating leverage of organizations across the...

Below are the top mid-cap property & casualty insurance stocks on the NYSE and the NASDAQ in terms of PEG ratio. Endurance Specialty Holdings Ltd (NYSE: ENH) has a PEG ratio of 0.37. ENH's trailing-twelve-month operating margin is 22.67%. Validus Holdings Ltd (NYSE: VR) has a PEG ratio of 0.54...

Yesterday, reinsurer Everest Re Group Ltd. (RE) announced that it has completed the acquisition of crop insurer Heartland Crop Insurance Inc., based in Kansas. With Heartland Crop within its nest, Everest Re has gained entry into a specialty line of insuring U.S. crops. The deal is expected to...

Yesterday, reinsurer Everest Re Group Ltd. (RE) announced that it has completed the acquisition of crop insurer Heartland Crop Insurance Inc., based in Kansas. With Heartland Crop within its nest, Everest Re has gained entry into a specialty line of insuring U.S. crops. The deal is expected to...

Enstar Group Limited (Nasdaq: ESGR) today announced that on December 31, 2010, through a wholly-owned subsidiary, it entered into a 100% reinsurance agreement, administrative services agreement, and related transaction documents with three affiliates of CIGNA Corporation pursuant to which the...

Everest Re Group, Ltd. (NYSE: RE) announced today that it has acquired the business and operations of Heartland Crop Insurance, Inc. for $55 million plus the agreed upon value of the net assets of the agency, with an additional contingency of up to $13.5 million based on future performance.

The board of directors of  PartnerRe Ltd. (PRE) authorized the company to buy back up to 7 million of its common shares in an effort to bolster the value for shareholders. The new authorization replaces the previous authorization of 7 million common shares approved by the board in September 2010...

The board of directors of  PartnerRe Ltd. (PRE) authorized the company to buy back up to 7 million of its common shares in an effort to bolster the value for shareholders. The new authorization replaces the previous authorization of 7 million common shares approved by the board in September 2010...

Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) announced today that it has updated its estimate of claims relating to its exposure to the earthquake in New Zealand from $52.5 million to $75.5 million net of reinstatement premiums and retrocession. Flagstone's loss estimate is based on its...

PartnerRe Ltd. (NYSE: PRE) today announced that its Board of Directors has approved a new share repurchase authorization of up to 7 million common shares, effective immediately. This replaces the prior authorization of 7 million common shares announced by the Company in September 2010. To date in...

As a part of its annual review, the rating agency A.M.Best, yesterday disclosed its findings on UnitedHealth Group Inc. (UNH) and its subsidiaries. Details of the findings are as follows : A.M.Best reaffirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR...

As a part of its annual review, the rating agency A.M.Best, yesterday disclosed its findings on UnitedHealth Group Inc. (UNH) and its subsidiaries. Details of the findings are as follows : A.M.Best reaffirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR...

Enstar Group Limited (Nasdaq: ESGR) today announced that, through one of its wholly-owned subsidiaries, it has entered into a definitive agreement for the purchase of Clarendon National Insurance Company from Clarendon Insurance Group, Inc., an affiliate of Hannover Re. The purchase price is...

Yesterday, A.M. Best Co. affirmed the credit and debt ratings of American International Group Inc. (AIG) and its US property-casualty and life-health subsidiaries namely, Chartis US Insurance Group, AIU Insurance Co., American General Property Insurance Co. and SunAmerica Financial Group. The...