Stock Blog Hub » Property & Casualty Insurance

(AIG) American International Group Upped to Neutral

vitalstocks — Sat, 14 Jan 2012 18:33:02 +0000

Last week, we upgraded our recommendation on American International Group Inc. (AIG) to Neutral from Underperform based on its improving capital flexibility. Besides, asset disposals and repayment of a chunk of debt appears to be favorable for the new stock buyback program. AIG reported third quarter operating loss per share of $1.60, which came in [...]

(AIG) American International Group Upped to Neutral

(HTH) Hilltop Holdings Incorporated – Bull of the Day

vitalstocks — Fri, 13 Jan 2012 21:11:08 +0000

We are upgrading our recommendation on Hilltop Holdings Inc. (HTH) to Outperform based on its sound capital position along with a risk-free balance sheet, which also paved way for resumption of share buybacks, assisting shareholders’ confidence in the stock. The company broke even in the third quarter but surpassed the Zacks Consensus Estimate of a [...]

(HTH) Hilltop Holdings Incorporated – Bull of the Day

vitalstocks — Mon, 09 Jan 2012 16:45:35 +0000

(HTH) Hilltop Holdings Incorporated – Bull of the Day

(CINF) Cincinnati Financial Ratings Updated by A.M Best

vitalstocks — Thu, 29 Dec 2011 15:55:03 +0000

As a part of its annual rating review, rating agency A.M. Best declared its rating action on Cincinnati Financial Corp. (CINF) and its operating subsidiaries. The agency has downgraded the issuer credit rating (“ICR”) as well as the debt rating of Cincinnati Financial by one notch to “a-“ from “a”. It also downgraded the issuer [...]

(CINF) Cincinnati Financial Ratings Updated by A.M Best

(AIG) American International Group ILFC to Raise $650 Million from Notes

vitalstocks — Wed, 21 Dec 2011 18:10:02 +0000

Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the unsecured notes of $650 million are issued at an initial price of $100.00 and are scheduled to mature on January 15, 2022. The non-callable notes are projected [...]

(AIG) American International Group ILFC to Raise $650 Million from Notes

(HIG) Hartford Financial Services Group Vends Private Placement Unit

vitalstocks — Wed, 07 Dec 2011 17:52:22 +0000

Yesterday, Hartford Financial Services Group Inc. (HIG) announced an agreement to sell its subsidiary Hartford Life Private Placement (HLPP) to Philadelphia Financial Group Inc. for $117.5 million. The transaction is subject to regulatory approval and closing conditions and is expected to culminate in 2012. The purchase deal will be financed by Reinsurance Group of America [...]

(HIG) Hartford Financial Services Group Vends Private Placement Unit

(BRKB) Berkshire Hathaway-B (BRKB) – Bull of the Day

vitalstocks — Fri, 02 Dec 2011 16:29:46 +0000

Berkshire Hathaway-B (BRKB) reported its third quarter 2011 operating earnings of $1.54 per share up 36% year-over-year, led by higher operating income across all the business segments except Finance & Financial Products. Insurance, Railroad, Utilities and Energy, Manufacturing, Service and Retailing have performed well. Berkshire’s property and casualty insurance business has been the engine behind [...]

(BRKB) Berkshire Hathaway-B (BRKB) – Bull of the Day

(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper

vitalstocks — Fri, 02 Dec 2011 16:19:42 +0000

On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (BRKA) (BRKB), announced an acquisition to buy The Omaha World-Herald Company, publisher of Nebraska’s principal daily newspaper. The deal would add the World-Herald, six other daily newspapers and several weekly newspapers to its current portfolio of media business, which includes Business Wire, Buffalo [...]

(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper

(RLI) RLI Corporation Continues Expansion

vitalstocks — Thu, 01 Dec 2011 15:17:49 +0000

RLI Corp. (RLI) continues to benefit from its business expansion drive, extensive product offerings, strong local branch network and focus on specialty insurance lines. The company scores strongly with the rating agencies and remains focused on returning value to its shareholders through dividend increase and share buybacks. However, these positives are somewhat dwarfed by RLI Corp’s [...]

(RLI) RLI Corporation Continues Expansion

(WRB) W.R. Berkley Corporation Upgraded to Neutral

vitalstocks — Thu, 01 Dec 2011 14:58:32 +0000

We are upgrading our recommendation on W.R. Berkley Corp. (WRB) to Neutral from Underperform on the back of third-quarter earnings beat. The company reported earnings of 44 cents per share, 6 cents ahead of the Zacks Consensus Estimate. The outperformance stemmed from higher contribution from the International and Specialty segments. For three quarters in a [...]

(WRB) W.R. Berkley Corporation Upgraded to Neutral

(RNR) RenaissanceRe Shares Downgraded to Underperform

vitalstocks — Wed, 30 Nov 2011 19:40:22 +0000

We have downgraded our recommendation on RenaissanceRe Holdings Ltd. (RNR) to Underperform from Neutral based on the company’s poor operating results in the third quarter, coupled with the declining interest rate scenario, which have also led to a reduced earnings outlook for the fourth quarter of 2011. RenaissanceRe reported third quarter operating income per share [...]

(RNR) RenaissanceRe Shares Downgraded to Underperform

(PGR) Progressive Corporation Analyst Still Neutral on Shares

vitalstocks — Wed, 30 Nov 2011 18:50:50 +0000

Progressive Corp. (PGR) holds a dominant position in product, service and distribution innovation, especially in Personal Auto. The company continues to focus on customer retention, actively manage its capital position and return wealth to its shareholders. However, these positives are somewhat dwarfed by headwinds at its Commercial Auto businesses as well as higher combined ratio. [...]

(PGR) Progressive Corporation Analyst Still Neutral on Shares

(AIG) TARP Continues to Recover Funds

vitalstocks — Mon, 28 Nov 2011 16:59:14 +0000

The Treasury has added $12.2 million to its kitty by selling warrants in 17 Troubled Asset Relief Program (TARP) banks that have already repaid the bailout money. This indicates that the Treasury is clutching every opportunity to recoup the cost of the $700 billion bailout program that was initiated three years back to rescue the [...]

(AIG) TARP Continues to Recover Funds

(MRH) Montpelier Re Holdings – Bear of the Day

vitalstocks — Mon, 28 Nov 2011 15:58:25 +0000

We are downgrading Montpelier Re Holdings (MRH) to Underperform from Neutral on the back of loss reported in the third quarter results. Montpelier Re Holdings’ operating loss came in much wider than the Zacks Consensus Estimate, led by catastrophe losses, resulting from Hurricane Irene and the Texas wildfires, U.S. regional aggregate covers and July’s Danish [...]

(MRH) Montpelier Re Holdings – Bear of the Day

(HIG) Hartford Financial Services Group – Bear of the Day

vitalstocks — Tue, 22 Nov 2011 17:33:52 +0000

We are downgrading our recommendation on Hartford Financial Services Group (HIG) to Underperform based on its weak third quarter results. The results surpassed the Zacks Consensus Estimate but declined from the year-ago quarter, primarily due to poor operating performance, with most segments reporting net losses or reduced income. Moreover, higher catastrophe losses coupled with decline [...]

(HIG) Hartford Financial Services Group – Bear of the Day

(BRKB) International Energy Agency Offers Sobering Outlook

vitalstocks — Sat, 12 Nov 2011 21:46:16 +0000

Not all the important news is centered on Greece and Italy. The International Energy Agency, or IEA, this week released its World Energy Outlook. The IEA is not some wild-eyed “peak oil/global warming” fringe group. They are about as mainstream and staid a group as you are going to find. The bullet points below come [...]

(BRKB) International Energy Agency Offers Sobering Outlook

(TRV) The Travelers Companies Analyst Maintains Neutral on Shares

vitalstocks — Thu, 10 Nov 2011 17:46:54 +0000

The Travelers Companies Inc. (TRV) continues to benefit from its strong market position and economies of scale. The company spent a higher amount in buying back shares supported by its balance sheet strength. It also scores strongly with the credit rating agencies. However, these positives are somewhat dwarfed by the exposure to catastrophe losses and [...]

(TRV) The Travelers Companies Analyst Maintains Neutral on Shares

(TWGP) Tower Group Misses on Catastrophic Losses

vitalstocks — Wed, 09 Nov 2011 16:49:23 +0000

Property and casualty insurer Tower Group Inc.’s (TWGP) reported third quarter 2011 operating loss of 38 cents per share, substantially worse than the Zacks Consensus Estimate of a loss of 17 cents. Results also contrasted unfavorably with the prior-year quarter’s earnings of 65 cents. Lower-than-expected results came on the back of a huge catastrophe charge [...]

(TWGP) Tower Group Misses on Catastrophic Losses

(AIG) American International Group – Bear of the Day

vitalstocks — Mon, 07 Nov 2011 15:14:32 +0000

American International Group’s (AIG) third-quarter loss came in significantly worse than the Zacks Consensus Estimate and year-ago quarter based on weak global cues, sluggish insurance dynamics and consistent cash outflow. Although some stability was witnessed in core operations, it failed to evade the book value per share reduction. The lock-in period for stock offering further [...]

(AIG) American International Group – Bear of the Day

(AIG) American International Group Loss Soars on Weak Dynamics

vitalstocks — Sun, 06 Nov 2011 20:46:41 +0000

American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the year-ago quarter. Consequently, operating loss of $3.0 billion increased drastically from $114 million in the year-ago quarter. On a [...]

(AIG) American International Group Loss Soars on Weak Dynamics

(WRB) W. R. Berkley Enhances Shareholder Value

vitalstocks — Sun, 06 Nov 2011 19:54:15 +0000

On November 3, 2011, property and casualty insurer W. R. Berkley Corp. (WRB) announced that its Board has increased its share repurchase authorization to 10 million shares, which translates into approximately 7% of the company’s 144.5 million outstanding shares as of September 30, 2011. The buyback increases a company’s earnings per share by reducing the [...]

(WRB) W. R. Berkley Enhances Shareholder Value

(CINF) Cincinnati Financial Reports Quarterly Earnings in Line

vitalstocks — Mon, 31 Oct 2011 15:47:52 +0000

Cincinnati Financial Corp. (CINF) has reported third quarter 2011 operating earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but down 62% year over year. Year-over-year earnings declined due to high catastrophe incidence during the quarter. Revenue for the quarter stood at $944, down 12% year over year. After-tax investment income [...]

(CINF) Cincinnati Financial Reports Quarterly Earnings in Line

(PRE) PartnerRe Analyst Maintains Neutral Rating

vitalstocks — Tue, 18 Oct 2011 17:10:45 +0000

We have reiterated our Neutral recommendation on PartnerRe Ltd. (PRE) based on the recent catastrophe (CAT) losses that have severely dampened the bottom line, partially offset by a risk-free balance sheet and a fair amount of liquidity. PartnerRe’s second quarter operating earnings per share of 98 cents came in significantly higher than the Zacks Consensus [...]

(PRE) PartnerRe Analyst Maintains Neutral Rating

(CINF) Cincinnati Financial Reiterated at Underperform

vitalstocks — Mon, 17 Oct 2011 17:00:09 +0000

We are maintaining our Underperform rating on Cincinnati Financial Corp. (CINF), as we believe that a weak economy, low investment yield and bad weather will weaken its return on equity. Cincinnati Financial recently predicted cat losses of $88-98 million after suffering a weather-related loss of $290 million in the second quarter, which led to an [...]

(CINF) Cincinnati Financial Reiterated at Underperform

(MRH) Montpelier Estimates Catastrophe Loss

vitalstocks — Mon, 17 Oct 2011 16:54:22 +0000

Montpelier Re Holdings Ltd. (MRH) expects a third quarter preliminary net loss of $30 million from US catastrophes including Hurricane Irene and the Texas wildfires, $20 million from US regional aggregate covers and $10 million from the July Danish floods. Montpelier also expects to incur a loss of$10 million from the June 2011 New Zealand [...]

(MRH) Montpelier Estimates Catastrophe Loss

(CINF) Cincinnati Financial Estimates Catastrophe Loss

vitalstocks — Thu, 13 Oct 2011 16:32:50 +0000

Yesterday, property and casualty insurer Cincinnati Financial Corp. (CINF) declared a preliminary pre-tax catastrophe loss (cat loss) estimate of about $88–$98 million, which will be reflected in its third quarter 2011 results. The losses mainly emanated from Hurricane Irene and other catastrophes. The Cincinnati, Ohio-based company stated that catastrophes affected its loss ratio by an [...]

(CINF) Cincinnati Financial Estimates Catastrophe Loss

(ALL) Allstate Aquires Esurance and Answer Financial from White Mountains Insurance Group

vitalstocks — Thu, 13 Oct 2011 16:32:20 +0000

On Friday, Allstate Corp. (ALL) announced the completion of the acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM) for $1.0 billion. This marks the next biggest acquisition for the company since 1999, when it bought American Heritage Life Investment Corp., a life insurance company specializing in the workplace, for $1.1 [...]

(ALL) Allstate Aquires Esurance and Answer Financial from White Mountains Insurance Group

(WRB) W.R. Berkley Corp.- Bear of the Day

vitalstocks — Wed, 05 Oct 2011 16:13:24 +0000

We are downgrading our recommendation on W.R. Berkley Corp. (WRB) to Underperform from Neutral, reflecting slightly lower investment yield assumptions and modestly higher loss ratio forecasts which would eat into underwriting margins. Berkley has been hurt by soft pricing conditions and increasing competition. The trend of loss claims shows a divergence from declining losses over [...]

(WRB) W.R. Berkley Corp.- Bear of the Day

(MRH) Montpelier Re Holdings Unit Sees Rating Action on MUSIC

vitalstocks — Sat, 24 Sep 2011 19:00:56 +0000

Following the announcement of Montpelier Re U.S. Holdings Ltd., a wholly-owned subsidiary of Montpelier Re Holdings Ltd. (MRH), to divest Montpelier US Insurance Company (MUSIC), A.M. Best Co. has put the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of MUSIC under review with positive implications. Earlier, in May, [...]

(MRH) Montpelier Re Holdings Unit Sees Rating Action on MUSIC

(FSR) Humana Rating Affirmed By A.M. Best

vitalstocks — Thu, 22 Sep 2011 19:06:17 +0000

The rating agency A.M.Best Co. has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the health insurer Humana Inc. (HUM) and conferred a debt rating of “bbb” to the company. All the ratings carry a stable outlook, indicating the company’s stable financial and market trends, and a likelihood that the [...]

(FSR) Humana Rating Affirmed By A.M. Best

(AMSF) Amerisafe Incorporated – Bear of the Day

vitalstocks — Tue, 20 Sep 2011 20:11:42 +0000

Amerisafe, Inc.’s (AMSF) second-quarter earnings lagged the Zacks Consensus Estimate substantially, due to high underwriting loss and reduced investment income coupled with higher expenses, which significantly deteriorated the combined ratio, operating cash flow and ROE. The top-line growth was only cushioned by higher premiums written and earned as other revenue sources failed to showcase growth. [...]

(AMSF) Amerisafe Incorporated – Bear of the Day

(BRKA) Berkshire Hathaway Closes Lubrizol Acquisition

vitalstocks — Tue, 20 Sep 2011 19:53:24 +0000

Berkshire Hathaway Inc. (BRKA) (BRKB) has completed the timely acquisition of The Lubrizol Corp., a chemical company headquartered in Ohio. The acquisition will cost the company $9.7 billion, at $135 per share. The purchase consideration includes $0.7 billion of the acquired company’s debt. Post-acquisition, Berkshire will continue with its headquarters at Wickliffe, Ohio, and will [...]

(BRKA) Berkshire Hathaway Closes Lubrizol Acquisition

(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss

vitalstocks — Tue, 20 Sep 2011 18:51:41 +0000

Yesterday, Hartford Financial Services Group Inc. (HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter of 2011. The pre-tax catastrophe losses for July and August are expected to be within the range of $150–$250 million. Irene would account for about $75–$175 million. The [...]

(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss

(RNR) RenaissanceRe Holdings Analyst Maintains Neutral on Shares

vitalstocks — Mon, 19 Sep 2011 20:23:16 +0000

We reiterated our ‘Neutral’ recommendation on RenaissanceRe Holdings Ltd. (RNR) based on the company’s earning prospects and the increasing challenges it faces in its investment portfolio. RenaissanceRe reported a second quarter operating loss of 21 cents per share, as opposed to the Zacks Consensus Estimate of operating earnings of $1.64, showing a sharp decline from [...]

(RNR) RenaissanceRe Holdings Analyst Maintains Neutral on Shares

(AMSF) Amerisafe Incorporated – Bear of the Day

vitalstocks — Thu, 15 Sep 2011 18:09:44 +0000

(AMSF) Amerisafe Incorporated – Bear of the Day

(AIG) American International Group Offers Notes Worth $2 Billion

vitalstocks — Sun, 11 Sep 2011 16:43:58 +0000

Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering. Accordingly, one part of senior unsecured notes is valued at $1.2 billion. These notes were issued at a price of $99.448 and dated to mature on September 15, 2014. These callable three-year fixed rate notes are [...]

(AIG) American International Group Offers Notes Worth $2 Billion

(ALL) Company News for August 30, 2011 – Corporate Summary

vitalstocks — Tue, 30 Aug 2011 18:53:16 +0000

• Bank of America (NYSE:BAC) shares increased 8.12% to close at $8.39 after the bank disclosed it would be selling half of its holdings to China Construction Bank Corp in order to raise capital • Share prices of insurer The Allstate Corp. (NYSE:ALL) advanced 8.50% to close at $26.30 after estimates showed property damage from [...]

(ALL) Company News for August 30, 2011 – Corporate Summary

(CINF) Cincinnati Financial – Bear of the Day

vitalstocks — Tue, 23 Aug 2011 16:14:48 +0000

We downgraded our recommendation on Cincinnati Financial (CINF) following the wider-than-expected operating loss reported by the company in second quarter 2011 owing to huge cat losses. Moreover, the Commercial Lines segment will remain somewhat weak due to the sluggish economy, although the decline in business is moderating. The company is expected to face limited investment [...]

(CINF) Cincinnati Financial – Bear of the Day

(AIG) American International Group – Bear of the Day

vitalstocks — Tue, 16 Aug 2011 16:55:41 +0000

We are downgrading our recommendation on American International Group (AIG) to Underperform on weak global cues, sluggish insurance dynamics and consistent cash outflow. The lock-in period for stock offering further holds back the attainment of capital flexibility in the near term. Higher restructuring charges and increasing losses from catastrophes, underwriting and investments along with adverse [...]

(AIG) American International Group – Bear of the Day

(AIG) American International Group Dropped to Underperform

vitalstocks — Mon, 15 Aug 2011 13:59:37 +0000

We downgraded our recommendation on American International Group Inc. (AIG) to Underperform from Neutral based on the critical sustainability factor given the weak global cues, sluggish insurance dynamics and consistent cash outflow. Despite raising funds in the past few quarters and repaying a chunk of its debt, AIG is yet to attain capital flexibility. The [...]

(AIG) American International Group Dropped to Underperform

(AGII) Company News for August 9, 2011 – Corporate Summary

vitalstocks — Tue, 09 Aug 2011 19:08:49 +0000

• Share prices of America’s biggest bank, Bank of America Corp. (NYSE:BAC) fell 20.32% after a report in the New York Times said that American International Group, Inc. (NYSE:AIG) has filed a suit against the bank to recover more than $10 billion in losses due to mortgage-backed securities • Car rental company Dollar Thrifty Automotive [...]

(AGII) Company News for August 9, 2011 – Corporate Summary

(AIG) American International Group Misses Expectations – Rebound to Come

vitalstocks — Mon, 08 Aug 2011 17:33:25 +0000

American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to the U.S. Treasury Department on January 14, 2011. However, operating income [...]

(AIG) American International Group Misses Expectations – Rebound to Come

(AIG) Company News for August 8, 2011 – Corporate Summary

vitalstocks — Mon, 08 Aug 2011 17:19:27 +0000

• LinkedIn Corporation Class A Co (NYSE:LNKD) said it had earned profits for the second quarter in its first earnings report after it became a publicly traded company. The company reported adjusted earnings per share of $0.10 on sales of $121 million for the second quarter, as against the Zacks Consensus Estimate of a loss [...]

(AIG) Company News for August 8, 2011 – Corporate Summary

(AIG) New York Federal Reserve Reports Earnings of $4.68 Billion from AIG Investment Portfolio

vitalstocks — Mon, 01 Aug 2011 04:06:17 +0000

The New York Federal Reserve (Fed) has reported that it earned about $4.68 billion from American International Group Inc.’s (

(AIG) New York Federal Reserve Reports Earnings of $4.68 Billion from AIG Investment Portfolio

(CB) Chubb Beats Earnings Estimates – Guides Up

vitalstocks — Sat, 23 Jul 2011 20:52:02 +0000

Property and Casualty insurer Chubb Corp. (CB) has reported second quarter operating earnings of $1.27 per share, substantially outpacing the Zacks Consensus Estimate of $1.02. The results embedded 72 cents per share impact of catastrophes. However, earnings were lower than $1.41 reported in the prior-year quarter, when the impact of catastrophes was 38 cents per [...]

(CB) Chubb Beats Earnings Estimates – Guides Up

(ALL) Company News for July 19, 2011 – Corporate Summary

vitalstocks — Tue, 19 Jul 2011 18:42:36 +0000

• Shares of biotech company Bacterin International Holdings Inc (AMEX:BONE) gained 10.34% after the company posted initial second quarter earnings figures that came in above expectations• U.S. listed shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) rose 8.11% after the network security provider released 2011 earnings forecasts exceeding the Street’s expectations • According to a [...]

(ALL) Company News for July 19, 2011 – Corporate Summary

(MRH) Montpelier Re Holdings – Bear of the Day

vitalstocks — Wed, 13 Jul 2011 17:22:17 +0000

We are downgrading our recommendation on Montpelier Re Holdings (MRH) to Underperform given its exposure to catastrophe losses coupled with the current pricing environment in the primary insurance market and a sluggish economy that is expected to restrict top-line growth. Montpelier is also experiencing weakness in its commercial property book. Its ability to sustain the [...]

(MRH) Montpelier Re Holdings – Bear of the Day

(TRV) Travelers Companies Downgraded

vitalstocks — Tue, 12 Jul 2011 17:01:40 +0000

Given restricted premium growth and pressure on underwriting margins, we are downgrading our recommendation to Underperform on The Travelers Companies Inc. (TRV). Also, potential reserve additions for asbestos liabilities present another risk. Premium growth remains reduced as a result of the adverse impact of soft market conditions. Given the challenging economic environment and a slow [...]

(TRV) Travelers Companies Downgraded

(RE) Everest Re Upgraded to Neutral

vitalstocks — Tue, 12 Jul 2011 16:56:35 +0000

We are upgrading our recommendation on the shares of Everest Re Group Ltd. (RE) to Neutral from Underperform as we believe the company would benefit from the gradually improving reinsurance rates after heavy catastrophe losses (cat losses) that strained capital across the industry in the first half of the year. We expect meaningful rate increases, [...]

(RE) Everest Re Upgraded to Neutral

(RE) Everest Re Group Limited Announces Catastrophe Loss Estimate

vitalstocks — Mon, 11 Jul 2011 16:00:35 +0000

Bermuda-based reinsurer Everest Re Group Ltd. (RE) has announced its estimate of April-May catastrophe losses (cat losses) based on property damages resulting from cataclysmic weather conditions. Everest Re, as a property catastrophe writer, expects after-tax cat losses of $80 million from a series of severe storms that ravaged the U.S. in the months of April [...]

(RE) Everest Re Group Limited Announces Catastrophe Loss Estimate