Reinsurance

Citi is out with its report today on RenaissanceRe Holdings (NYSE: RNR), maintaining Buy. In a note to clients, Citi writes, "RNR announced today that its initial loss estimate from the Feb 22 earthquake in Christchurch, New Zealand was approximately $190M and that the 2011 Australian flooding...

Morgan Stanley has released a report on the lowered first quarter estimate for RenaissanceRe Holdings Ltd. (NYSE: RNR) after the New Zealand earthquake and the Australian flood. Morgan Stanley writes, "RNR pre-announced 1Q catastrophe for Australiaand New Zealand of $220mm, which was close to our...

RenaissanceRe Holdings Ltd. (NYSE: RNR) announced initial loss estimates for the 2011 Australian floods and NZ earthquake of $30 million ($0.62/sh) and $190 million ($3.95/sh), respectively, KBW reports. “The company also commented on the recent earthquake in Japan, citing that the impact on RNR's...

Maiden Holdings, Ltd. (Nasdaq: MHLD) announced today that it anticipates minimal, if any, losses related to recent industry events including the Australia floods, New Zealand earthquake, and most recently, the earthquake and tsunami in Japan. Maiden's loss estimate is derived from an in-depth...

Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) today announced that its preliminary estimate of losses related to the February 2011 New Zealand earthquake is expected to be between $60 to $90 million, net of reinstatement premiums and retrocession. The Company's estimated loss is based on an...

KBW is lowering its PT on Montpelier Re Holdings Ltd. (NYSE: MRH) to $20. Montpelier Re Holdings closed Monday at $17.79.

KBW is maintaining its $105 PT and Outperform rating on shares of Arch Capital Group (NASDAQ: ACGL). “Arch Capital announced preliminary loss estimates for the February earthquake in New Zealand of $35-70 mm (5.7-11.3 pts/$0.70-1.40), net of reinsurance and reinstatement premiums,” KBW writes. “The...

Montpelier Re Holdings Ltd. (NYSE: MRH) today announced a preliminary estimate of losses from the February earthquake in New Zealand and the January floods and Cyclone Yasi in Australia. The Company currently estimates its pretax net loss from the February New Zealand earthquake will be $75...

After the market close on March 8, 2011, PartnerRe (NYSE: PRE) issued its initial net loss estimate range of $180-$240 million for the Christchurch, New Zealand earthquake, J.P. Morgan reports. “The company's estimate is based off an industry insured loss estimate of $7.4-$11.1 billion,” J.P....

Max Marine, a current undergraduate student at Temple University, will be sharing information over the next few weeks as a guest blogger, about how commercial real estate landlords can cut operating costs in a myriad of ways.  Max is the president of Rho Epsilon (RE), Temple...

KBW is maintaining its Market Perform rating on Transatlantic Holdings Inc. (NYSE: TRH). “TRH announced an updated 1Q11 cat loss estimate of $200 million (approximately $2.66/share), which accounts for the February NZ earthquake and updates of Australian flood and Cyclone Yasi losses,” KBW writes...

Doug Kass said that he likes Platinum Underwriters Holdings, Ltd. (NYSE: PTP). He likes that the company is buying back its own stock, and called it a special situation, akin to Yahoo. Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and...

Motorola Solutions, Inc. (NYSE: MSI) today announced new additions to its PTP 200 Series portfolio of point-to-point (PTP) wireless Ethernet bridges – the PTP 230 and PTP 250. Both solutions leverage Motorola's technology leadership in the unlicensed spectrum to offer reliable wireless broadband...

Maiden Holdings, Ltd.'s (NASDAQ: MHLD) 4Q10 results beat the Street by a penny, KBW reports. “We believe Maiden's operating performance will continue to be more stable relative to other reinsurers, and the company has deployed much of its excess cash,” KBW writes. “We also believe Maiden's new...

Pre-open moversUS stock futures are higher this morning as crude oil futures surged above $106 per barrel. Futures on the Dow Jones Industrial Average surged 37 points to 12,191.00 and futures on the S&P 500 stock index climbed 4.80 points to 1,325.10. Nasdaq 100 futures rose 12.75 points to 2,...