Montpelier RE News
RenaissanceRe announced a public offer to sell 11 million 5.375% Series E preference shares of $275 million.
On May 17, we downgraded property and casualty insurer, RLI Corp. to Neutral from Outperform as it lagged the Zacks Consensus Estimate on both counts.
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of “a” of Montpelier Reinsurance Ltd. . Additionally, A.M. Best has affirmed the ICR of “bbb” and debt ratings of the parent company, Montpelier Re Holdings Ltd.
On May 17, 2013, we downgraded our recommendation on Progressive Corp. to Neutral from Outperform.
Investors in Montpelier Re Holdings Ltd. saw new options begin trading today, for the January 2014 expiration.
On May 18, Zacks Investment Research upgraded ProAssurance Corporation to a Zacks Rank #1 (Strong Buy).
MONTPELIER RE HOLDINGS LTD Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to aMay 20
The shareholders of ACE Limited approved the board's proposal to hike quarterly dividend to 51 cents. The increased dividend represents an increase of 4%.
Progressive Corp.'s earnings per share for Apr 2013 were 23 cents, surging 130% from 10 cents earned in Apr 2012.