Reinsurance

PartnerRe (NYSE: PRE) today announced that its Board of Directors has increased the annual dividend to $2.40 per common share, from $2.20 per common share. This is the eighteenth consecutive year that the Company has increased the common share dividend since its inception in 1993. Today, the Board...

Everest Group (NYSE: RE) Reports EPS of $(5.95) vs. $(5.83) Estimate; Revenues $1.01B vs. $977.25M Estimate

RenaissanceRe Holdings (NYSE: RNR) Reports EPS of $(4.59) vs. $(4.99) Estimate; Revenues $387.7 vs. $283.54M Estimate

According to Keefe, Bruyette & Woods, Arch Capital Group (NASDAQ: ACGL) Outperform rating is reiterated. Keefe, Bruyette & Woods said that ACGL reported a 1Q11 ROCK of [$0.41, $0.17, $(0.75), $(0.62)]. “Results beat largely on a lower ex-cat current AY LR and higher reserve releases, while...

According to J.P. Morgan, Arch Capital (NASDAQ: ACGL) reported 1Q EPS of $0.01, versus per-share loss estimate of $1.58 and consensus per-share loss estimate of $0.91. J.P. Morgan said that the upside in the quarter was a function of four primary factors. “(1) higher favorable development; (2)...

Arch Capital (NASDAQ: ACGL) Resumes Trading

PREVIEW: Arch Capital To Resume Trading at 4:45p.m. EST (NASDAQ: ACGL)

Arch Capital Group (NASDAQ: ACGL) Reports Revenues $775.1M vs. $705.3M Estimate

Keefe, Bruyette & Woods has issued a report raising the Price Target of Platinum Underwriters Holdings (NYSE: PTP) to $41 a share. According to the report, “PTP reported a 1Q11 ROCK of [$(4.20), $(4.25), $(4.68), $(5.20)]. Results beat our expectations driven by lower cat losses, higher...

Platinum Underwriters Holdings (NYSE: PTP) Reports EPS of $(4.20) vs. $(4.65) Estimate; Revenue $215.3M vs. $195.41M

RenaissanceRe Holdings (NYSE: RNR) today announced its initial loss estimate from the Tohoku earthquake and subsequent tsunami, which impacted the northeastern coast of Japan on March 11, 2011. The Company currently expects that losses from the Tohoku earthquake will have a net negative impact of...

KBW has issued a report maintaining the Market Perform Rating on Endurance Specialty Holdings (NYSE: ENH). ENH has a $48 Price Target and closed at $46.40 a share yesterday.

Endurance Specialty Holdings Ltd. (NYSE: ENH) today announced estimated losses related to  the earthquake and tsunami that occurred off the coast of Tohoku, Japan on March 11, 2011 of $125 million. The net losses for this event will be included in Endurance's first quarter 2011 results. Endurance'...

Cusick's Corner The market is holding and this is where I want to see the bid come in with some conviction in an attempt to buck the recent trend of weak finishes. Tech and Financials are starting to become more volatile, plus Financials are under pressure with some trading volume as well. Some of...

KBW is out with its report today on PartnerRe (NYSE: PRE), reiterating Outperform. In a note to clients, KBW writes, "PRE announced estimated losses from the Japanese earthquake and tsunami of $500 million pre tax ($7.09/share or 7.3% of 4Q10 equity), which is slightly higher than our $480 million...