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Closing Glance: Insurers



By AP
16 June 2008 @ 04:16 pm ET

NEW YORK - Shares of insurers mostly rose Monday as Allstate Corp. acquired GE Money's Partnership Marketing Group, MGIC Investment Corp. signed a reinsurance deal and despite a shakeup at American International Group Inc.

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Quotes
ALL 31.78 0.87
AIG 25.08 7
MBI 4.35 0.27
ABK 1.22 -0.01
AGO 19.9 0.06
SCA 0.16 0
MTG 7 -0.41
PMI 2.25 0.06
RDN 6.31 -0.43
TGIC 0.83 0.13
ACE 51.54 0.26
CNO 6.54 0.01
CB 53.38 2.23
CINF 25.18 -0.18
CNA 24.08 -0.06
HIG 24.09 -0.03
MCY 36.63 0.11
PGR 15.93 -0.3
SAF 68.21 0
TRV 48.02 -0.81
XL 17.39 0.07

AIG named Robert Willumstad its new CEO, replacing Martin Sullivan, who took the position in 2005. AIG has lost billions of dollars in recent quarters because of bad bets on the foundering mortgage market.

How some insurers fared Monday:

AIG fell 17 cents to $34.01.

MGIC Investment, after striking a deal to reinsure new business, rose 63 cents, or 6.4 percent, to $10.48.

Allstate fell 4 cents to $49.85.

Bond insurer MBIA Inc. rose 28 cents, or 4.8 percent, to $6.15.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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