Improved Products, Expansions, Agreements, Appointments and Dividends by Property and Casualty Insurance Companies - Research Report on The Hartford, ACE, Radian, XL Group and RenaissanceRe Holdings
NEW YORK, September 3, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Hartford Financial Services Group Inc. (NYSE: HIG), ACE Limited (NYSE: ACE), Radian Group Inc. (NYSE: RDN), XL Group plc (NYSE: XL), and RenaissanceRe Holdings Ltd. (NYSE: RNR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Hartford Financial Services Group Inc. Research Report
On August 8, 2013, Hartford Financial Services Group Inc. (The Hartford) announced that it has improved its FailSafe suite of professional liability offerings to meet the growing needs of technology companies with widened coverage for data, systems and networks. The Company stated that new additions to The Hartford's FailSafe suite include broader coverage for data loss, security and damage caused by rogue employees; extended liability coverage for a technology company's activities on its own computer system and networks; and 'Claims made' policy forms that ease reporting requirements. Joe Coray, Vice President of The Hartford's Technology & Life Science Practice, said "Professional liability is one of the most significant risks for technology companies today. An alleged failure of a product or service that causes economic loss to a client's business can result in a costly lawsuit and reputational damage." The Full Research Report on Hartford Financial Services Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/HIG]
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ACE Limited Research Report
On August 21, 2013, ACE Limited (ACE) announced that it has expanded its International Advantage insurance product to offer better coverage for the unique risks faced by Higher Education clients whose employees, students and volunteers travel internationally. ACE stated that the new comprehensive foreign package offering, ACE Educators International Advantage Edge, has been created to meet the coverage requirements of the large number of institutions sponsoring international study and travel programs. Bryan Tedford, Senior Vice President, ACE Foreign Casualty, said, "ACE's newly-enhanced coverage for the education industry brings the Advantage policy to a new level. This coverage allows us to offer an ideal insurance product for risks that range from simple trip travel exposures to complex, multinational exposures -- all of which may be faced by educators providing coursework that will ultimately help their students become competitive in the global marketplace." The Full Research Report on ACE Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/ACE]
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Radian Group Inc. Research Report
On August 29, 2013, Radian Group Inc. (Radian)'s mortgage insurance subsidiary, Radian Guaranty Inc.(RGI)announced that it has entered into a Master Transaction Agreement with Freddie Mac. According to the Company, the agreement related to a group of 25,760 first-lien mortgage loans held by Freddie Mac that were insured by RGI, and were delinquent as of December 31, 2011. The Company informed that the agreement permits for the future treatment of these loans including claim payments, loss mitigation activity and insurance coverage, and eliminates RGI's claim exposure on 9,756 loans that were delinquent and 4,586 loans that were re-performing as of July 31, 2013. According to Radian's CEO S.A. Ibrahim, "One of our top priorities for our mortgage insurance business is to actively reduce our legacy exposure. This agreement is an important step in resolving our remaining legacy risk, and reduces our total number of primary delinquent loans by 12.6 percent." The Full Research Report on Radian Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-30/RDN]
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XL Group plc Research Report
On August 28, 2013, XL Group plc (XL Group) announced that Karen Quintana has been appointed as President and Client Distribution Leader for the Company's North America Distribution and Network Team. XL Group stated that Quintana will work from San Francisco and will report to Frank Soldano, XL Group's Regional Leader - West. The Company informed that prior to joining XL Group Ms. Quintana worked for Marsh Risk & Insurance Services where she served as Senior Vice President and Sr. Excess Casualty Placement Representative. Frank Soldano, said, "XL Group has built a reputation for helping businesses manage some very complex risks. And over the last two decades, Karen has built a similar reputation helping many large companies address their most complex risks with effective multi-line insurance solutions." The Full Research Report on XL Group plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/XL]
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RenaissanceRe Holdings Ltd. Research Report
On August 8, 2013, RenaissanceRe Holdings Ltd. (RenaissanceRe) announced that its Board of Directors has approved a quarterly dividend of $0.28 per common share on its common stock. According to the Company, the dividend will be payable on September 30, 2013, to shareholders of record as of September 13, 2013. Additionally, RenaissanceRe stated that, the Board of Directors has approved an increase in the Company's share repurchase program, bringing the total current authorization to $500 million. Under the program, RenaissanceRe may repurchase shares of its common stock in the open market, based on, among other things, its ongoing capital requirements and expected cash flows, and the market price of its common shares. The Full Research Report on RenaissanceRe Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/RNR]
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