Reinsurance

Platinum Underwriters Holdings, Ltd. (NYSE: PTP) today announced that it expects losses from catastrophes in the second quarter of 2011 and increases to its loss estimates for catastrophes in the first quarter of 2011 will have a net negative impact of approximately $74.8 million on the Company's...

David Einhorn and his Greenlight Capital (NASDAQ: GLRE) fund opened up a medium-sized long position in technology company Seagate (NASDAQ: STX) this past quarter. Since Seagate makes hard drives, and hard drives are seemingly on their way out of favor, observers and other investors have to wonder:...

KBW reiterated its Market Perform rating on Everest Reinsurance Holdings (NYSE: RE). At the moment, KBW has a price target of $87 placed on the company's stock. On Wednesday, RE added 1.49% to its value to end the day at $81.92.

Everest Re Group, Ltd. (NYSE: RE) announced today that it expects to incur net catastrophe losses of $80 million, after reinstatement premiums and taxes. This estimate is based on an effective tax rate of 20%.

KBW is out with its report today on Montpelier Re Holdings (NYSE: MRH), lowering its PT to $19. In a note to clients, KBW writes, "MRH announced losses from 2Q11 U.S. tornadoes and storms of $35 mm pre-tax ($0.57/sh) or 2.4% of 1Q11 equity. Management currently does not expect any losses from...

Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) today announced its preliminary estimates for losses occurring in the second quarter of 2011. Losses related to the severe weather activity in the United States that occurred in April and May 2011, are expected to be $25-$30 million, net of...

Montpelier Re Holdings Ltd. (NYSE: MRH) today announced a preliminary estimate of losses from the severe flood, hail, tornado and wind events that occurred in the United States during the second quarter of 2011. Montpelier estimates its pretax net loss from these weather events to be $35 million...

Arch Capital Group (NASDAQ: ACGL) announced that the Company's 2011 second quarter results will be negatively impacted by catastrophe events that occurred during the second quarter, including the severe weather that hit the U.S. during April and May 2011, the recent New Zealand earthquake and other...

BGB is out with its report today on Maiden Holdings (NASDAQ: MHLD), maintaining Buy after completing a sr. note offering. In a note to clients, BGB writes, "We believe MHLD already trades at too steep a discount to peers based on its higher than average ROAE and dividend yield. We believe the...

According to J.P. Morgan, PartnerRe (NYSE: PRE) has provided an initial estimate for net losses sustained from the April 22-28 tornadoes of $50-$70 million and recently issued $373.8 million of preferred shares. J.P. Morgan said that, combined with its estimates of additional losses from adverse...

J.P. Morgan Chase & Co. is out with a research report on Transatlantic Holdings (NYSE: TRH) as it cuts the company's earnings estimates. It has a Neutral rating and a $58 price target. In a note to clients, J.P. Morgan Chase & Co. writes, "We are reducing 2Q and FY 2011 operating EPS...

J.P. Morgan provided color on Validus (NYSE: VR) in a research report published today. J.P. Morgan has previously given Validus a Neutral rating and $29.50 price target. In the report, J.P. Morgan states, "While we believe that management has established VR as a leading specialty short-tail...

According to Keefe, Bruyette & Woods, Validus Holdings (NYSE: VR) announced losses from April/May U.S. storms of $55-75 mm ($0.51-0.69/sh) or 1.5-2.1% of 1Q11 equity. Keefe, Bruyette & Woods said that losses are net of reinstatements and reinsurance and came in generally in-line with...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...

Validus Holdings, Ltd. (NYSE: VR) today provided an initial estimate of combined losses from two severe storms in the United States which took place during April, 2011 and May, 2011, respectively. The storms, identified as Property Claim Services No. 46 and No. 48, consisted of flooding, hail,...