property & casualty

Welcome to the 'property & casualty' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'property & casualty'.

Latest blogosphere posts tagged “property & casualty”

• (RLI) RLI Corporation Increases Dividend

  
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  RLI Corp. ( RLI ) recently increased its fourth quarter cash dividend by 4% from the prior quarter level to 28 cents per common share. The dividend is payable on Jan 15, 2010, to shareholders of record on Dec 31, 2009. This is the not the first time that the company has increased its dividend in 2009. The second ...
  2 days ago

• (AMSF) Amerisafe Redeems All Outstanding Convertible Stock

  
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  Amerisafe Inc. ( AMSF ) said on Monday that it will redeem all of its 250,000 outstanding convertible stock of Series C and Series D, effective Dec 31, 2009. Amerisafe will pay $103.50 per preferred stock or a total of $25.9 million in redeeming all of the outstanding shares. The redemption will be funded by the ...
  3 days ago

• (XL) XL Capital Expands in China

  
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  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 set up a Property and Casualty (P&C) company in China. The China Insurance Regulatory Commission is an ...
  1 week ago

• (FSR) Assurant Gets Rating from A.M. Best

  
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  Rating agency A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property and casualty (P&C) and life and health insurance subsidiaries of Assurant Inc. ( AIZ ). Additionally, A.M. Best has affirmed the issuer credit ratings of “bbb” and debt ratings of ...
  1 week ago

• (ALL) Allstate Corporation Credit Ratings Affirmed by A.M. Best

  
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  On Nov 20, 2009, A.M. Best Company affirmed the ratings of Allstate Corporation ( ALL ) and its subsidiaries. The rating agency cited that the rating actions primarily reflect Allstate’s solid risk-adjusted capitalization, favorable operating performance and significant market presence. However, the agency remains ...
  1 week ago

• (BRKA) Berkshire Hathaway Borrows for Burlington Northern Santa Fe Acquisition

  
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  Warren Buffett, the CEO and Chairman of Berkshire Hathaway ( BRKA )/( BRKB ), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation ( BNI ). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would ...
  2 weeks ago

• (AIG) Chinatrust Buys Stake in American International Group Unit

  
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  Chinatrust Financial Holding Company, the biggest credit card issuer of Taiwan , said on Tuesday that it will buy a 30% stake in American International Group Inc.’s ( AIG ) Taiwan life insurance unit, Nan Shan Life Insurance Company, for $660 million from Hong Kong-based China Strategic Holdings. On Oct 12, 2009, ...
  2 weeks ago

• (TWGP) Tower Group Completes Acquisition of Specialty Underwriters’ Alliance

  
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  New York-based Tower Group Inc. ( TWGP ) has completed the acquisition of Illinois-based specialty insurer, Specialty Underwriters’ Alliance Inc. ( SUAI ). The deal, which was previously announced during Jun 2009, cost $107 million for Tower. All the conditions contingent to the closing of the deal have been ...
  2 weeks ago

• (AIG) U.S. Treasury’s Pay Czar to Allow Competitive Pay

  
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  The U.S. Treasury’s pay czar, who oversees compensation for the highest-paid employees at the firms that received U.S. taxpayer assistance, said on Thursday that he is concerned that pay cuts could obstruct the ability of these firms to retain and attract top talent. However, the pay czar would be open to requests ...
  2 weeks ago

• (PGR) Progressive Corporation’s Income Falls

  
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  Auto insurer Progressive Corporation’s ( PGR ) income for October fell to 16 cents per share compared with 22 cents in the year-ago period. Though the company has posted a growth in premium writings, realized gains were lower in the quarter compared to the year-ago quarter. The company, which reports earnings on ...
  3 weeks ago

• (MXGL) Max Capital Group Beats Earnings Guidance

  
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  Max Capital Group ( MXGL ) reported third quarter operating earnings of 92 cents per share, beating the Zacks Consensus Estimate of 76 cents per share. Last year the company reported a loss of $2.57 per share. Results were helped by positive underwriting performance from all the business segments, driven by the ...
  3 weeks ago

• (TWGP) Tower Group’s Earnings Report Falls in Line

  
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  Tower Group Inc. ’s ( TWGP ) third-quarter earnings of 74 cents were in line with the Zacks Consensus Estimate. Results were affected favorably by an increase in premiums written due to the acquisitions of CastlePoint and Hermitage. Last year, the company had reported earnings of 79 cents per share. Gross premiums ...
  3 weeks ago

• (AMSF) Amerisafe Beats on Lower Costs

  
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  Amerisafe, Inc. ’s ( AMSF ) third-quarter earnings of 74 cents per share came in substantially ahead of the Zacks Consensus Estimate of 54 cents. This also compares favorably with the earnings of 65 cents in the prior-year quarter. Despite an 11.9% year-over-year decrease in top line, results for the quarter ...
  3 weeks ago

• (PRA) ProAssurance Outperforms Consensus Estimates

  
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  ProAssurance Corp. ’s ( PRA ) third-quarter operating earnings of $1.58 per share was substantially ahead of the Zacks Consensus Estimate of $1.23. This also compares favorably with the earnings of $1.31 per share in the prior-year quarter. The company’s earnings benefitted from a 54.6% year-over-year growth in ...
  4 weeks ago

• (TRV) Travelers Companies Inc. – Surprised by 23.85% in the Third Quarter

  
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  Travelers Companies Inc. ( TRV ) recently raised full year guidance as it surprised on estimates for the third time in the last 4 quarters. The company is trading with a forward P/E of just 8.9. Company Description Travelers provides property and casualty insurance for autos, homes and businesses. Travelers ...
  4 weeks ago

• (BRKA) Berkshire Hathaway Acquires Burlington Northern – B Shares to Split 50 to 1

  
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  Lost in today’s news that Berkshire Hathaway ( BRKA ) ( BRKB ) was acquiring Burlington Northern ( BNI ) was the announcement that Berkshire’s “B” shares, or, commonly known by investors as the “cheaper” shares, would be split 50 to 1. It is rare to see a stock split for either the Berkshire “A” ...
  4 weeks ago

• (RE) Everest Re Group Barely Misses Earnings Consensus

  
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  Everest Re Group ’s ( RE ) third-quarter earnings of $3.43 per share missed the Zacks Consensus Estimate of $3.47. Last year, the company had reported earnings of 20 cents per share. Strong property reinsurance rates coupled with the low catastrophe activity had resulted in favorable earnings. The net income was ...
  4 weeks ago

• (L) Loews Corporation Reports Profit

  
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  Loews Corporation’s ( L ) third quarter income from continuing operations came in at $1.08 per share compared to a loss of 33 cents in the year-ago quarter. Results primarily reflected a 26% year-over-year increase in revenues. The improved results were driven by increased investment income and a considerable ...
  4 weeks ago

• (RNR) RenaissanceRe Holdings’ Earnings Report Outperforms

  
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  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 loss of $2.35 per share in the year-ago quarter. Net income available to common shareholders was $258.6 ...
  5 weeks ago

• (WRB) W.R. Berkley Reports Earnings Inches Ahead of Estimates

  
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  W.R. Berkley’s ( WRB ) third quarter earnings of 67 cents per share were only a penny ahead of the Zacks Consensus Estimate. In the year-ago quarter, the company had reported earnings of 63 cents. Net income was $97 million, or 59 cents per share, compared with a loss of $27.9 million, or 17 cents per share in the ...
  5 weeks ago

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