Reinsurance

According to Keefe, Bruyette & Woods, Maiden Holdings (NASDAQ: MHLD) Outperform rating is reiterated. Keefe, Bruyette & Woods said that Maiden raised $100 million of 8.25% 30-year Senior Notes to refinance a portion of its $260 million 14.0% Trust Preferred Securities, a move that we...

Maiden Holdings (Nasdaq: MHLD) today announced that its wholly-owned U.S. holding company, Maiden Holdings North America, Ltd., has priced the offering of $100 million aggregate principal amount of 8.25% Senior Notes due June 15, 2041 (the "Notes"), which are fully and unconditionally guaranteed by...

Everest Re Group, Ltd. (NYSE: RE) today announced that Dominic J. Addesso has been promoted to President. Mr. Addesso joined Everest two years ago as Executive Vice President and Chief Financial Officer. Prior to his employment with the Company, he was President of Regional Markets for Munich Re...

Enstar Group Limited (Nasdaq: ESGR) today announced that it has entered into a new three-year $250 million revolving credit facility with National Australia Bank Limited and Barclays Corporate, the corporate banking division of Barclays Bank PLC. Enstar is permitted to use the borrowings under the...

Citigroup has lowered the price target on Arch Capital Group (NASDAQ: ACGL) from $40.33 to $40 and maintains its Buy rating.

While Dirk Nowitzki was busy making Mark Cuban look like the genius he is, and while LeBron James was busy LaChoking away yet another championship opportunity, the financial world was busy buying, selling, and merging themselves into a frenzy. Here is a roundup of some of the weekend's mergers and...

Allied World Assurance Co Holdings (NYSE: AWH) agreed to buy Transatlantic Holdings (NYSE: TRH) for $3.2 billion in stock. Read more here.

Citi is out with its report today on Transatlantic Holdings (NYSE: TRH), maintaining Buy, after TRH announced the signing of a definitive merger with Allied World Holdings (NYSE: AWH). In a note to clients, Citi writes, "The transaction is structured as a merger of equals, with shareholders of TRH...

Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 43 points to 11,916.00 and futures on the S&P 500 stock index rose 4.20 points to 1,268.70. Nasdaq 100 futures gained 5.00 points to 2,222.75. A Peek Into Global Markets Asian...

Allied World Assurance Co Holdings (NYSE: AWH) agreed to buy Transatlantic Holdings (NYSE: TRH) for $3.2 billion in stock. Transatlantic shareholders will receive 0.88 AWH share each, or $51.10 per share, representing a 16.1% premium over TRH's closing price on Friday. Robert Orlich, President...

Wunderlich Securities reiterated its Buy rating on Maiden Holdings (NASDAQ: MHLD). At the same time, Wunderlich raised its price target on the company's stock from $10 to $12 after a meeting with the company's management. In a research report published today, Wunderlich states, "We are raising our...

Wunderlich Securities reiterated its Buy rating on Maiden Holdings (NYSE: MHLD). At the same time, it left its price target unchanged at $10 after a meeting with the company's senior management. In a research report published today, Wunderlich states, "Over the next 12 months, we expect the...

Everest Re Group, Ltd. (NYSE: RE) announced the appointment of John P. Phelan to its Board of Directors, effective May 18, 2011. John P. Phelan formerly served as Chairman, President and Chief Executive Officer of Munich Re America Corporation and Munich Reinsurance America, Inc. and served as a...

Stifel Nicolaus summed up its rating and price target changes in today's research report. Stifel initiated coverage of PennantPark Floating Rate Capital Ltd (NASDAQ: PFLT) with a Buy rating and $14.25 target price. Stifel upgraded its rating on two companies today. Con-way Inc. (NYSE: CNW) was...

KBW is lowering its PT on Endurance Specialty Holdings Ltd. (NYSE: ENH) to $47. Endurance Specialty Holdings closed Wednesday at $41.55.