Markel (MKL) and Units' Ratings Retained by A.M. Best
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 8:28AM CDT
A.M. Best has retained the issuer credit ratings (ICR) of bbb+ of Markel Corporation (MKL).
AGII: 51.88 (-0.41), TPRE: 12.04 (+0.09), MKL: 939.58 (-7.95)
A.M. Best Affirms Ratings of Markel International Insurance Company Limited and Lloyd's Syndicate 3000
BusinessWire - Fri Jul 01, 12:55PM CDT
A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of "a+" of Markel International Insurance Company Limited (MIICL) (United Kingdom) and Lloyd's Syndicate 3000 (United Kingdom). The outlook for each of MIICL's ratings remains stable and the outlook for each of Syndicate 3000's ratings remains positive, in line with the outlook on the Lloyd's market rating.
MKL: 939.58 (-7.95)
A.M. Best Affirms Ratings of Markel Corporation and Its Subsidiaries
BusinessWire - Fri Jul 01, 12:44PM CDT
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a+" of the members of the Markel North America Insurance Group (Markel). A.M. Best has also affirmed the FSR of A (Excellent) and the ICRs of "a" of Markel Bermuda Limited (Hamilton, Bermuda) and its affiliated operating companies (collectively referred to as Markel Bermuda). In addition, A.M. Best has affirmed the ICR of "bbb+" of Markel Corporation [NYSE:MKL] and all of its existing issue ratings and indicative issue ratings. A.M. Best has upgraded to "bbb+" from "bbb" the issue ratings of Alterra USA Holdings Limited (Alterra USA) and Alterra Finance, LLC (Alterra Finance) (both domiciled in Delaware), reflecting the guarantee of those issues by Markel Corporation. The outlook for each rating is stable. Concurrently, A.M. Best has withdrawn the ICR of "bbb" and indicative issue ratings of Alterra Capital Holdings Limited (ACHL), and the indicative issue ratings of Alterra USA. A.M. Best also has administratively withdrawn the FSR of A (Excellent) and ICR of "a+" of Essex Insurance Company, as the company merged into Evanston Insurance Company, effective June 30, 2016. All companies are headquartered in Glen Allen, VA, unless otherwise specified. (See below for a detailed listing of the companies and ratings.)
MKL: 939.58 (-7.95)
Fitch Withdraws Rating on Merged Markel Corporation Subsidiary
BusinessWire - Fri Jul 01, 10:20AM CDT
Fitch Ratings has withdrawn the 'A+' Insurer Financial Strength (IFS) rating for Essex Insurance Company.
MKL: 939.58 (-7.95)
Chubb Hits 52-Week High on Rating Action, Dividend Hike
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 9:33AM CDT
Chubb (CB) hit a 52-week high led by favorable rating assessment from the rating agency A.M.Best and the recent dividend hike by the company.
NGHC: 20.98 (+0.08), CB: 129.95 (-0.29), OB: 14.05 (+0.14), MKL: 939.58 (-7.95)
Nasdaq Enhances Equities Options Business with Latest Deal
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 9:07AM CDT
Nasdaq, Inc. (NDAQ) recently completed the acquisition of International Securities Exchange ("ISE"
NGHC: 20.98 (+0.08), NDAQ: 66.43 (+0.55), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
Everest Re Group (RE) Looks Good: Stock Adds 5.1% in Session
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 7:40AM CDT
Everest Re Group Ltd. (RE) saw its shares rise above 5% in the last trading session.
RE: 181.20 (-0.52), MKL: 939.58 (-7.95)
Why Should You Hold RenaissanceRe (RNR) in Your Portfolio?
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:27AM CDT
On Jun 29, we issued an updated research report on RenaissanceRe Holdings Ltd. (RNR).
RNR: 115.82 (-0.16), NGHC: 20.98 (+0.08), OB: 14.05 (+0.14), MKL: 939.58 (-7.95)
ProAssurance (PRA) Set to Grow on Buyouts: Will You Hold?
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:24AM CDT
On Jun 29, 2016 we issued an updated research report on ProAssurance Corporation (PRA).
PRA: 51.98 (+0.31), NGHC: 20.98 (+0.08), OB: 14.05 (+0.14), MKL: 939.58 (-7.95)
Nasdaq: Growth Prospects Bright, Escalating Expenses a Drag
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:03AM CDT
On Jun 30, 2016, we updated a research report on Nasdaq, Inc. (NDAQ).
CINF: 76.16 (+0.46), NDAQ: 66.43 (+0.55), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
Travelers' Exposure to Catastrophe Losses Raises Concern
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 9:56AM CDT
On Jun 28, 2016, we issued an updated research report on The Travelers Companies, Inc. (TRV).
NGHC: 20.98 (+0.08), MKL: 939.58 (-7.95), TRV: 118.12 (+0.04)
Markit (MRKT) Reeling Under Weak Results: Time to Dump It?
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 9:00AM CDT
On Jun 28, Zacks Investment Research downgraded Markit Ltd. (MRKT) to a Zacks Rank #5 (Strong Sell).
MRKT: 32.66 (+0.63), NGHC: 20.98 (+0.08), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
Intercontinental Exchange Upgrades, Expands Data Services
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 9:56AM CDT
Intercontinental Exchange, Inc. (ICE) recently unveiled the expanded ICE Data Services.
CINF: 76.16 (+0.46), ICE: 257.94 (+1.05), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
CME Group Adds New Contracts to Agricultural Product Suite
Zacks Equity Research - Zacks Investment Research - Mon Jun 27, 9:19AM CDT
CME Group Inc. (CME) recently unveiled four new palm contracts, which will be added to its suite of agricultural products.
CME: 99.36 (+0.46), CINF: 76.16 (+0.46), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
Will Volatile Interest Rates Limit CME Group's (CME) Growth?
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:08AM CDT
On Jun 23, 2016, we issued an updated research report on CME Group Inc. (CME).
CME: 99.36 (+0.46), CINF: 76.16 (+0.46), BATS: 25.83 (-0.05), MKL: 939.58 (-7.95)
XL Group to Change its Place of Incorporation to Bermuda
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 7:43AM CDT
XL Group plc (XL) will re-domesticate to Bermuda from Ireland as its shareholders have approved of the move.
CINF: 76.16 (+0.46), NGHC: 20.98 (+0.08), XL: 32.86 (-0.15), MKL: 939.58 (-7.95)
Chubb (CB) & its Subsidiaries See Rating Action by A.M. Best
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 7:01AM CDT
A.M. Best reiterated the financial strength rating of A++ (Superior) of most subsidiaries of Chubb Limited (CB). With this, the rating agency removed the subsidiaries from under review with negative implications.
CINF: 76.16 (+0.46), NGHC: 20.98 (+0.08), CB: 129.95 (-0.29), MKL: 939.58 (-7.95)
AmTrust Financial Units' Ratings Affirmed by A.M. Best
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:33AM CDT
The units of AmTrust Financial Services, Inc. (AFSI) recently received rating action from A.M. Best Company. The units, Springfield Insurance and Heritage Indemnity, were acquired by the company.
AFSI: 24.74 (+0.04), NGHC: 20.98 (+0.08), NMIH: 5.71 (+0.08), MKL: 939.58 (-7.95)
Markel (MKL) Sees Hammer Chart Pattern: Time to Buy?
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 8:02AM CDT
Markel Corp. (MKL) has been struggling lately, but the selling pressure may be coming to an end soon
MKL: 939.58 (-7.95)
AXIS Capital Ramping Up Global Business: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:35AM CDT
On Jun 20, 2016, we issued an updated research report on AXIS Capital Holdings Limited (AXS).
AXS: 54.27 (+0.29), NGHC: 20.98 (+0.08), Y: 548.03 (+0.47), MKL: 939.58 (-7.95)