All Posts Tagged With: "XL"
(XL) XL Group Plc – Bear of the Day
We have downgraded our recommendation on XL Group Plc (XL) to Underperform from Neutral based on the weak fourth quarter performance. The company posted a loss, comparing unfavorably with the Zacks Consensus...
(XL) XL Group Plc – Bear of the Day
We are downgrading our recommendation on XL Group Plc (XL) to Underperform from Neutral based on the weak fourth quarter performance. The company posted a loss, comparing unfavorably with the Zacks Consensus...
(RNR) RenaissanceRe Shares Downgraded to Underperform
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...
(BRKB) International Energy Agency Offers Sobering Outlook
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...
(WRB) W. R. Berkley Enhances Shareholder Value
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...
(MRH) Montpelier Estimates Catastrophe Loss
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...
(RNR) RenaissanceRe Holdings Analyst Maintains Neutral on Shares
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...
(RNR) RenaissanceRe Holdings Raises Capital
RenaissanceRe Holdings Ltd. (RNR) has announced the completion of an equity capital raise of $100 million by its consolidated venture – DaVinciRe Holdings Ltd. (“DaVinci”).
The capital will...
(RE) Everest Re Group Forecasts Earthquake and Tsunami Losses
Everest Re Group, Ltd. (RE) guided preliminary losses from earthquake and tsunami in Japan at $320 million, pre-tax and net of reinstatement premiums and taxes.
The company has forecast total industry...
(XL) XL Capital Estimates Catastrophe Losses
Last week, XL Capital (XL) announced estimates for losses from two catastrophes — the earthquake in Chile and the European Windstorm Xynthia, both of which occurred during Feb 2010.
The company...
(XL) XL Capital Misses Earnings Expectations by a Penny
XL Capital’s (XL) fourth quarter earnings of 69 cents per share were only a penny short of the Zacks Consensus Estimate of 70 cents. Earnings dragged due to a 72% decline in underwriting income from the Property...
(XL) XL Capital’s Financial Strength Rating Affirmed by A.M. Best
Rating agency A.M. Best affirmed the rating of XL Capital’s (XL) subsidiaries with a stable outlook. It includes the affirmation of a financial strength rating (FSR) of “A-“ and an issuer credit rating...
(XL) XL Capital Moves Corporation to Ireland
Insurance and reinsurance group XL Capital (XL) yesterday announced its intention of shifting its place of incorporation to Ireland from the Cayman Islands. The company has had significant operations in that...
(XL) XL Capital Expands in China
XL Capital Ltd. (XL) last week announced its plans to expand its international operations in China. XL has received approval from the China Insurance Regulatory Commission (CIRC) to start preparatory work to...
(XL) XL Capital Credit Rating Strength Reaffirmed
XL Capital Group’s (XL) financial strength rating [FSR] of “A” (Excellent) and issuer credit ratings (ICR) of “a” were reaffirmed...