New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:01 EDTMKL, PTP, AXS, ALTE, MRH, AWH, VR, ENHAlterra up after deal, analyst positive on Bermuda peers
Insurance company Alterra (ALTE) is rallying after Markel Corporation (MKL), a financial holding company, agreed to buy Alterra for $31 per share in cash and stock, or $3.13B. Each Alterra share will be exchanged for $10 and 0.04315 Markel shares, the companies said. In a note to investors earlier today, Wells Fargo analyst John Hall wrote that the acquisition of Alterra, which is based in Bermuda, should boost the share prices of other Bermuda based companies that are trading significantly below their book values. Allied World (AWH), AXIS Capital (AXS), Endurance Specialty (ENH), Montpelier Re (MRH), Platinum Underwriters (PTP), and Validus (VR) are examples of such companies, the analyst wrote. In early trading, Alterra surged 24.02% to $28.71, Allied World rose 1.89% to $80.15, Endurance Specialty gained 3.01% to $40.69, Montpelier Re added 1.97% to $22.78, Platinum Underwriters climbed 4.16% to $47.06, and Validus increased 1.54% to $34.85.
News For AWH;AXS;ENH;MRH;PTP;VR;ALTE;MKL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 16, 2014
07:30 EDTVR, MRH, AXS, ENHUBS to hold a conference
Subscribe for More Information
December 15, 2014
08:11 EDTMKLMarkel downgraded to Market Perform from Outperform at William Blair
Subscribe for More Information
December 12, 2014
16:04 EDTENHEndurance Specialty files $500M mixed securities shelf
Subscribe for More Information
December 11, 2014
10:00 EDTMRHMontpelier Re hires Credit Suisse to pursue sale, Insurance Insider says
The board of Montpelier Re has appointed Credit Suisse to advise on its strategic options and put the company up for sale, according to The Insurance Insider, citing sources. Montpelier Re shares are up 8% to $36.40 following the report. Reference Link
09:59 EDTMRHMontpelier Re hires Credit Suisse to pursue sale, Insurance Insider says
Subscribe for More Information
December 8, 2014
10:00 EDTAWHOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:15 EDTAWHAllied World downgraded to Market Perform from Outperform at BMO Capital
BMO Capital downgraded Allied World to Market Perform due to valuation.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use