Reinsurance

KBW is moving Arch Capital Group Ltd. (NASDAQ: ACGL) to a $39 PT. Arch Capital closed Thursday at $34.84.

Flextronics (NASDAQ: FLEX) and MEMC Electronic Materials, Inc. (NYSE: WFR) today announced the expansion of an agreement between Flextronics and MEMC's affiliate, MEMC Singapore, to produce solar panels for MEMC's SunEdison subsidiary. This partnership expansion includes the production of solar...

Arch Capital Group Ltd. (NASDAQ: ACGL) today announced that its shareholders have approved an amendment to the Company's Memorandum of Association to effect a three-for-one split of the Company's common shares. Holders of common shares as of the close of business on May 6, 2011 will receive two...

KBW is out with its report today on Maiden Holdings (NASDAQ: MHLD), reiterating Outperform. In a note to clients, KBW writes, "Maiden reported a 1Q11 beat on better than expected top-line growth, underwriting, and investment income. Maiden's low-hazard, non-CAT business focus resulted in another...

Wunderlich Securities reiterated its Maiden Holdings (NASDAQ: MHLD) Buy rating and $10 price target in a research report published today. In the report, Wunderlich Securities states, "Maiden Holdings Ltd. (MHLD) is expected to report 1Q11 results May 4, 2011, after the market close. The conference...

Deutsche Bank provided color on Arch Capital (NASDAQ: ACGL), after the company announced its Q1 results, in a research report published today. Deutsche Bank is ambivalent about Arch Capital's outlook. In the report, it states, "The company produced operating EPS of $0.17, ahead of expectations....

Montpelier Re Holdings Ltd. (NYSE: MRH), a provider of short-tail reinsurance and other specialty lines, today announced the pricing of $150.0 million of 8.875% Non-Cumulative Preferred Shares Series A (“Preferred Shares”), with a liquidation preference of $25.00 per share, and expects to receive...

An EPS loss of $10.82 operating “vs our loss of $11.96 estimate (includes Sunday's preannouncement) with the ‘beat' coming from 16% of reserve release vs our 8% estimate,” KBW wrote in a report regarding PartnerRe Ltd. (NYSE: PRE). “Book value is now $82.50,” KBW writes. “Buyback was 2.8m (...

Endurance Specialty Holdings Ltd. (NYSE: ENH) reported a 1Q11 ROCK of [$(2.25), $(2.47), $(2.32), $(2.80)], KBW reports. “Results beat on higher reserve releases, offset by weaker current AY results and a higher expense ratio, while cats were as pre-announced and in-line with our model,” KBW...

Greenlight Capital (NASDAQ: GLRE) Reports Q1 EPS of $(1.19) vs. $(0.51) Estimate

Endurance Specialty (NYSE: ENH) Reports EPS of $(2.47) vs. $(2.32) Estimate.

PartnerRe (NYSE: PRE) Reports EPS of $(10.82) vs. $(7.72) Estimate; Revenues $1.11B vs. $1.67B Estimate

Greenlight Capital Re, Ltd. (Nasdaq: GLRE) today announced that the Company will promote Bart Hedges to Chief Executive Officer effective August 15, 2011. Hedges is the current President and Chief Underwriting Officer of Greenlight Re. He will succeed Greenlight Re Chief Executive Officer Len...

Greenlight Capital Re, Ltd. (Nasdaq: GLRE) today announced that Chief Executive Officer Len Goldberg will retire on August 15, 2011. Bart Hedges, current President and Chief Underwriting Officer of Greenlight Re, will succeed Goldberg upon his retirement.

On Sunday, PartnerRe (NYSE: PRE) increased its 1Q Tohoku earthquake net loss estimate by $230 million to $730 million, “following new information from a large cedant in the region,” J.P. Morgan reports. “As a result, we are increasing our loss estimate for the Japanese earthquake to $730 million...