MGIC Investment Tops Q2 Earnings; Delinquency, Claims Fall - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jul 17, 9:40AM CDT
Private mortgage insurer, MGIC Investment Corp. (MTG) reported second-quarter 2015 net income per share of 28 cents, which surpassed the Zacks Consensus Estimate of 23 cents.
FFG: 63.07 (-0.08), AIZ: 80.56 (-1.16), MTG: 9.63 (-0.17)
The iShares MSCI Switzerland Capped ETF: A Fund Worth Yodeling About
Accendo Markets - at Seeking Alpha - Tue Jun 30, 4:16PM CDT
SWZ: 11.07 (unch), CS: 24.77 (+0.24), UBS: 19.79 (-0.10), EWL: 31.89 (+0.07), FSZ: 39.50 (+0.16), ABB: 18.96 (+0.25), SYT: 65.80 (+0.23)
Stable But Low Property Catastrophe Reinsurance Pricing To Persist: KBW
Steve Evans - Seeking Alpha - Thu Jun 25, 12:49PM CDT
In line with recent commentary from fellow re/insurance market analysts', Keefe, Bruyette & Woods (KBW) has advised that the stabilization of property & catastrophe reinsurance rates will persist in 2015, despite any losses that...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Lack Of Issuance Seen As Potential Reinvestment Risk In ILS
Steve Evans - at Seeking Alpha - Tue Jun 23, 12:06PM CDT
The pace of issuance of new catastrophe bonds and insurance-linked securities (ILS) continues to be seen as a risk to some asset and fund managers, who see the reinsurance asset class as an attractive complement to their portfolios but worry about...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Berkshire Hathaway Invests In IAG, Gets Quota Share Reinsurance Deal
Steve Evans - at Seeking Alpha - Wed Jun 17, 12:27PM CDT
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A ) has signaled its appetite for Australian and Asian expansion with the signing of a 10 year partnership deal with Australian insurer IAG, involving an equity stake and a 20% quota share reinsurance...
TPRE: 13.44 (+0.19), BRK.B: 133.03 (-0.72), BRK.A: 199,650.00 (-966.00), GLRE: 24.68 (-0.28)
Reinsurance Capital Glut To Ultimately Weigh On P&C Stocks: A.M. Best
Steve Evans - Seeking Alpha - Tue Jun 16, 2:53PM CDT
The current excess or glut of reinsurance capital, which continues to build while global loss experience remains benign, is expected to ultimately weigh on property and casualty (P&C) insurance share prices, according to rating agency A.M. Best. ...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Alternative Capital Helps Re/Insurance Stay Relevant To Society: McGavick
Steve Evans - at Seeking Alpha - Thu Jun 11, 12:47PM CDT
As an industry, the property & casualty (P&C) insurance and reinsurance sector's relevance to society has declined in recent years, but by utilising the growing capacity of the capital markets this can change, according to XL Catlin CEO, Mike...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
$135bn Reinsurance Overcapacity A Significant Driver Of Softening: RBC
Steve Evans - at Seeking Alpha - Thu Jun 11, 12:28PM CDT
The level of overcapacity in the global reinsurance sector is a significant driver of the softening market, and RBC Capital Markets estimates that by the end of 2014 reinsurance was home to roughly $135 billion of surplus capacity. In a recent...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Light Catastrophe Year Best Scenario For European Reinsurers: RBC
Steve Evans - Seeking Alpha - Tue Jun 09, 12:50PM CDT
As the 2015 Atlantic hurricane and tropical storm season gets underway, analysts at RBC Capital Markets claim that a continuation of benign catastrophe losses would be the best-case scenario for European reinsurance market players. In its latest...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Buying Closed Blocks Of Life Business Remains A Focus For Reinsurers
Steve Evans - Seeking Alpha - Mon Jun 01, 3:37PM CDT
Large global reinsurance firms remain focused on buying up closed blocks or books of life and health insurance business, believing that by pooling the underlying assets and managing the legacy claims they can make the books perform better than those...
Reinsurance Prices To Stabilize, But At Structurally Lower Levels: Goldman Sachs
Steve Evans - Seeking Alpha - Thu May 28, 3:26PM CDT
Analysts from Goldman Sachs believe that reinsurance pricing could stabilize by the end of 2016, but warn that this could be at a structurally lower level from where they may not rise much again, even after future losses. There is an increasing...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Deutsche Bank Appointed as Successor Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Swiss Re Ltd
Business Wire - Thu May 28, 9:31AM CDT
Deutsche Bank today announced its appointment as successor depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Swiss Re Ltd (Swiss Re).
DB: 29.34 (+0.95)
Compass Re II 2015-1 Cat Bond Grows To $300m For AIG
Steve Evans - at Seeking Alpha - Sun May 24, 1:02AM CDT
U.S. primary insurer AIG and its affiliate companies are set to benefit from a new $300m source of fully-collateralized parametric reinsurance cover, after its Compass Re II Ltd. (Series 2015-1) catastrophe bond upsized by 50% to $300m. In an...
TPRE: 13.44 (+0.19), AIG: 58.19 (-0.05), GLRE: 24.68 (-0.28)
PartnerRe Rejects EXOR Again, To Proceed With Vote On AXIS Merger
Steve Evans - at Seeking Alpha - Sat May 23, 11:46PM CDT
The board of reinsurance firm PartnerRe (NYSE: PRE ) has once again rejected EXOR's offer and also responded to what it calls EXOR's rejection of its "good faith invitation to engage" and will now proceed with a shareholder vote on the AXIS...
AXS: 53.80 (+0.39), PRE: 139.00 (+0.03), TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
New Reinsurance Demand To Be Exceeded By Supply: Bernstein
Steve Evans - at Seeking Alpha - Thu May 21, 11:03AM CDT
The reinsurance market continues to face secular and cyclical decline, according to analysts at global investment firm Bernstein and, despite all the evidence of growing demand, there is an expectation that it will be exceeded by the growth of...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
Compass Re II Cat Bond's Parametric Trigger Explained By Fitch
Steve Evans - Seeking Alpha - Wed May 20, 1:25PM CDT
Rating agency Fitch has provided some more detail and background information on U.S. primary insurers latest catastrophe bond, the $200m Compass Re II Ltd. (Series 2015-1) deal which launched earlier this week . With this Compass Re II 2015-1 cat...
TPRE: 13.44 (+0.19), AIG: 58.19 (-0.05), GLRE: 24.68 (-0.28)
Reinsurance Group Hits 52-Week High on Mixed Q1 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 20, 9:20AM CDT
On May 19, shares of Reinsurance Group of America Inc. (RGA) scaled a new 52-week high of $95.20 on mixed first-quarter 2015 earnings.
AMIC: 9.80 (unch), RGA: 92.21 (-0.15)
ILS, Cat Bonds And Reinsurance, An Asset Class To Offset A Crisis
Steve Evans - at Seeking Alpha - Tue May 19, 12:06PM CDT
There's a new strategic asset class in town, the Crisis Risk Offset (CRO), a select group of assets that could provide returns and liquidity during an economic growth crisis, and one of the assets considered able to offset a crisis for investors is...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
ILS Funds Return 0.2% In March, With Cat Bond Funds Performing Worst
Steve Evans - Seeking Alpha - Fri May 08, 2:41PM CDT
The average return across a group of 34 insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond funds fell to 0.2% in March, the second lowest return for the month on record, as pure cat bond funds suffered from...
TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)
RenaissanceRe Disciplined On Catastrophe Reinsurance, Third-Party Capital Drops
Steve Evans - Seeking Alpha - Fri May 08, 1:24PM CDT
Bermudian reinsurance firm and third-party capital management specialist RenaissanceRe continued to display its disciplined approach to market conditions, pulling back further on catastrophe reinsurance underwriting across managed and owned premiums....
RNR: 107.79 (-0.20), TPRE: 13.44 (+0.19), GLRE: 24.68 (-0.28)