Reinsurance

According to Deutsche Bank, RenaissanceRe Holdings (NYSE: RNR) shares are downgraded to Sell. Deutsche Bank reported that a recent run-up in the stock price combined with what it expect to be a meaningful contraction in shareholders' equity following the catastrophe loss events of 1Q11 has caused...

Deutsche Bank has downgraded RenaissanceRe Holdings (NYSE: RNR) from Hold to Sell and has lowered the price target form $66 to $65.

PartnerRe Ltd. (NYSE: PRE) today provided an initial estimate of the losses related to the Tohoku earthquake and resulting tsunami in Japan. Based on the current data and information available to the Company, PartnerRe estimates that the total net impact of these events will result in a loss of...

Keefe, Bruyette & Woods, reporting estimated losses from the Japan tragedy, maintain a Market Perform rating and keep and price target of $87 for Everest Reinsurance Holdings (NYSE: RE). In the report, Keefe, Bruyette & Woods writes, “RE announced estimated losses from the Japanese...

KBW is maintaining its MP rating and $40 PT on shares of Platinum Underwriters Holdings Ltd. (NYSE: PTP). “Platinum announced Japan earthquake/tsunami losses of $87 mm AT ($2.33/sh) or 4.5% of 4Q10 equity, which was modestly below our expectations for the company from this event of $95 mm AT,” KBW...

Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced today that it expects the Tohoku earthquake and related tsunami that struck the northeastern coast of Japan on March 11, 2011 will have a net negative impact of approximately $87 million on the Company's first quarter 2011 results. The...

RenaissanceRe Holdings (NYSE: RNR) has hit a 52-week high in today's trading. At last check the year-to-date performance of RNR has been a gain of 13.6%.

Validus Holdings (NYSE: VR) has hit a 52-week high in today's trading. At last check the year-to-date performance of Validus has been a gain of 14.2%.

Montpelier Re Holdings (NYSE: MRH), the Bermuda-based insurer and reinsurer, said the March 11 earthquake and tsunami in Japan will cost the company about $126 million.

Montpelier Re Holdings Ltd. (NYSE: MRH) today announced a preliminary estimate of losses from the March 2011 earthquake and tsunami in the Tohoku region of Japan. Montpelier currently estimates its pretax net loss from the Japanese earthquake and tsunami will be approximately $126 million, which...

Transatlantic Holdings (NYSE: TRH) announced estimated losses from the Japanese earthquake and tsunami of $240 million after tax. Combined with updated losses from Aussie floods and the NZ quake, TRH expects 1Q11 cats of $355 million after tax. As a result of this announcement, Keefe Bruyette...

Transatlantic Holdings (NYSE: TRH) today announced that it expects to incur total net catastrophe costs (net of reinstatement premiums and reinsurance) in the first quarter of 2011 of approximately $355 million, net of tax, based on its preliminary assessment of the impact of all catastrophe...

Validus Holdings, Ltd. (NYSE: VR) today commented on worldwide loss activity occurring in the first quarter of 2011, including the March 11, 2011 earthquake and tsunami in Japan and other loss events occurring during the three month period ended March 31, 2011. March 11, 2011 Tohoku Earthquake....

Analysts at Citigroup upgrade Transatlantic Holdings Inc (NYSE: TRH) from “hold” to “buy.” The target price for TRH is set to $60. TRH shares rose 0.49% to close at $48.91 on Friday. More Analyst Ratings here

Analysts at Citigroup upgrade Everest Re Group Ltd (NYSE: RE) from “hold” to “buy.” The target price for RE has been raised from $96 to $107. RE shares gained 2.59% to close at $90.46 on Friday. More Analyst Ratings here