All Posts Tagged With: "RNR"
(PNX) Insurance Industry Stock Update – February 2012 – Industry Outlook
The impact of a series of natural disasters in 2011 and the ongoing economic uncertainty is still quite palpable in the performance of U.S. insurers. These impediments aside, there are fundamental challenges that are expected to come in the way insurers’ efforts to meet...
(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...
(MRH) Montpelier Re Holdings Unit Sees Rating Action on MUSIC
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...
(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...
(RE) Everest Re Upgraded to Neutral
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...
(MRH) Montpelier Re Holdings Limited Estimates Catastrophe Loss
Montpelier Re Holdings Ltd. (MRH) guided second quarter catastrophe losses from severe flood, hail, tornado and wind events in the United States to $35 million, pre-tax and net of reinsurance recoveries and...
(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...
(RNR) A.M. Best Affirms RenaissanceRe
The rating agency A.M. Best Co. has affirmed the issuer credit ratings (ICR) and debt ratings of RenaissanceRe Holdings Ltd. (RNR), while maintaining the financial strength rating (FSR) and ICR of Renaissance’s...
(BRCM) Company News for April 15, 2011 – Corporate Summary
• SUPERVALU INC (NYSE:SVU) reported Q4 EPS of $0.44, beating the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter fell 5.4% year-over-year to $8.70 billion, missing consensus estimates of $8.751 billion
• The...
(RE) Everest Re Group Announces Expansion in Canada
Late last week, Everest Re Group Ltd., (RE) announced that its subsidiary Everest Reinsurance Co. had purchased Premiere Underwriting Services (Premiere) based in Toronto, Canada.
Premiere is a managing...
(RNR) RenaissanceRe Holdings Expands Share Repurchase Program
In an attempt to return value to its investors, on Tuesday, the board of RenaissanceRe Holdings Ltd. (RNR) approved the expansion of its stock repurchase program to a total current authorization of approximately...
(RNR) RenaissanceRe Holdings Gets Positive Ratings Comments From A.M. Best
On Tuesday, rating action taken by rating agency A.M. Best Co. on RenRe North America Holdings Inc.’s recently issued $250 million fixed rate 5.75% senior unsecured notes due 2020 looks positive for the issuer.
The notes are fully and unconditionally guaranteed by...
(RNR) RenaissanceRe Holdings Debt Ratings Affirmed by A.M. Best
On Thursday, rating agency A.M. Best Co. affirmed the issuer credit rating (ICR) of “a-” and all debt ratings of RenaissanceRe Holdings Ltd. (RNR), reflecting the company’s superior risk-based capitalization...
(RNR) RenaissanceRe Holdings Beats on Revenues
RenaissanceRe Holdings Ltd.’s (RNR) fourth-quarter operating earnings of $2.82 per share were substantially ahead of the Zacks Consensus Estimate of $2.47. This also compares much favorably with operating...
(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(RNR) RenaissanceRe Holdings’ Earnings Report Outperforms
RenaissanceRe Holdings Ltd.’s (RNR) third-quarter operating earnings of $3.85 per share were substantially ahead of the Zacks Consensus Estimate of $1.04. This also compares much favorably with an operating...