On Friday, Shares of Montpelier Re Holdings Ltd. (NYSE:MRH), gained 1.52% to $42.57.
Endurance Specialty Holdings declared that it has accomplished its acquisition of Montpelier Re Holdings Ltd. (MRH). The acquisition was originally declared on March 31, 2015.
John R. Charman, Chairman and Chief Executive Officer of Endurance, commented, “Endurance`s planned acquisition of Montpelier combines two strong underwriting businesses resulting in an organization with raised scale, scope and more relevant market presence. The acquisition materially expands our breadth of distribution with the addition of a good-sized and scalable Lloyd`s platform and a third-party capital insurance and reinsurance investment product business. We expect the transaction to enhance the long-term value of our business for shareholders with accretion to earnings per share and return on equity.”
Montpelier Re Holdings Ltd., through its auxiliaries, provides insurance and reinsurance solutions worldwide. It operates in three segments: Montpelier Bermuda, Montpelier at Lloyd’s, and Collateralized Reinsurance.
Shares of General Growth Properties Inc (NYSE:GGP), inclined 0.89% to $27.14, during its last trading session.
General Growth Properties declared Fabletics, the online active-wear and accessories line co-founded by award-winning actress Kate Hudson, will open its first brick-and-mortar stores at five GGP locations this fall to build off the success of its e-commerce platform. Launched in 2013, Fabletics offers premium fashion-forward activewear for women, and recently launched a versatile and high-performance athletic wear line for men, FL2.
“Adding Fabletics stores to our mall portfolio will give shoppers more access to an innovative activewear brand that is already making waves online,” said Alan Barocas, Sr. EVP of Leasing, GGP. “More and more, we are seeing pure-play retailers like Fabletics see the value of adding physical locations to enhance sales and brand visibility. In fact, 90 percent of all U.S. retail sales occur at physical stores, and when a pure-play retailer opens a physical store, they see online sales enhance three to five times in the same trade area.”
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
Finally, Orchid Island Capital Inc (NYSE:ORC), ended its last trade with -0.12% loss, and closed at $8.62.
Orc Group Holding AB and Orc Group, invited interested parties to attend an investor telephone conference (in English) on Thursday, August 20, 2015 at 3.00 p.m. CEST. CEO Torben Munch and CFO Tony Falck will present and comment on the group´s interim report for January – June 2015.
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
