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Validus Re Announce Scholarship Winners

Validus Re Announce Scholarship Winners

Validus Re announced the winners of its Validus Scholarship, an annual program now in its fourth year, providing financial support to Bermudian students aimed at cultivating academic achievement, community involvement and leadership skills. Bermudians Marcus Henschke and Kenji Robinson have both been named as 2018 Validus Scholars. Marcus is entering... Read more of this article

Validus Quarterly Preferred Share Dividends

Validus Quarterly Preferred Share Dividends

Bermuda-based Validus Holdings, Ltd., an American International Group, Inc. [AIG] company, announced that its Board of Directors has declared cash dividends on Validus’ Series A 5.875% Preferred Shares and Series B 5.800% Preferred Shares of $0.3671875 and $0.3625000 per depositary share, respectively. The Series A and Series B Preferred Share dividends... Read more of this article

AIG Announces Closing Of Validus Acquisition

AIG Announces Closing Of Validus Acquisition

American International Group, Inc. today announced it has completed its acquisition of Validus Holdings, Ltd. The transaction, which was first announced on January 22, 2018, closed following receipt of regulatory approvals and approval of Validus shareholders. “As part of AIG, Validus adds attractive and diversified franchises, including Validus... Read more of this article

Validus Appoint Eells As Chief Operating Officer

Validus Appoint Eells As Chief Operating Officer

Validus Specialty Underwriting Services announced the appointment of Bob Eells as Senior Vice President and Chief Operating Officer of Validus Specialty, Western World and Crop Risk Services. Mr. Eells will report to Chief Executive Officer Jonathan Ritz and be a member of the organization’s leadership team. Among his key responsibilities will be... Read more of this article

Validus: Admitted Management Liability Form

Validus: Admitted Management Liability Form

The Commercial Directors & Officers insurance team of Validus Specialty Underwriting Services, Inc. announced a partnership with Business Risk Partners [BRP], a leading producer, underwriter and administrator in the Professional & Management Liability space. Under the partnership, BRP will offer a new and expanded admitted management liability... Read more of this article

Validus Declares $0.38 Quarterly Dividend

Validus Declares $0.38 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.38 per common share. The common share dividend is payable on May 30, 2018 to shareholders of record on May 15, 2018. In addition, the Board of Directors has declared cash dividends on the Company’s Series A 5.875% Preferred Shares... Read more of this article

Validus Reports Q1 Net Loss Of $4.1 Million

Validus Reports Q1 Net Loss Of $4.1 Million

Bermuda-based Validus Holdings reported a net [loss] attributable to Validus common shareholders of $[4.1] million, or $[0.05] per diluted common share, for the three months ended March 31, 2018, compared to net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended... Read more of this article

Validus Partners With Eagle Ocean America

Validus Partners With Eagle Ocean America

The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. announced a partnership with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies. The partnership allows Eagle Ocean America to offer new hull, liability and ancillary covers to serve U.S. vessel transportation risks. “With... Read more of this article

AlphaCat, Terra Brasis Complete ILS Transaction

AlphaCat, Terra Brasis Complete ILS Transaction

AlphaCat Managers Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. and Terra Brasis Resseguros S.A., announced the successful completion of a $5 million private catastrophe bond transaction. The bond issue, named Alpha Terra Validus II, effectively renews the 2017 Terra Brasis Validus I transaction which represented a unique offering of Latin... Read more of this article

Validus Launches Package Policy For Fintech

Validus Launches Package Policy For Fintech

Validus Specialty Underwriting Services announced a comprehensive package policy specifically designed for private U.S. Fintech companies. “With this innovative product, we’ve eliminated the gaps in coverage for Fintech companies,” said Cathy Cossu, Validus Specialty’s Senior Vice President of Professional Lines. “ “Our unique ‘open... Read more of this article

Validus Declares $0.38 Quarterly Dividend

Validus Declares $0.38 Quarterly Dividend

Bermuda-based Validus Holdings has declared a quarterly cash dividend of $0.38 per common share. The common share dividend is payable on March 29, 2018 to shareholders of record on March 15, 2018. In addition, the Board of Directors has declared cash dividends on the Company’s Series A 5.875% Preferred Shares and Series B 5.800% Preferred Shares... Read more of this article

Validus Launches Standalone Cyber Insurance

Validus Launches Standalone Cyber Insurance

The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. further expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The solution will meet the cyber risk challenges faced by U.S. companies with revenue between $150M-$2.5B, and offer comprehensive cyber... Read more of this article

Validus Reports Q4 Net Loss Of $8.7 Million

Validus Reports Q4 Net Loss Of $8.7 Million

Bermuda-based Validus Holdings – which recently announced they will be acquired by AIG – reported a net [loss] attributable to Validus common shareholders of $[8.7] million, or $[0.11] per diluted common share, for the three months ended December 31, 2017, compared to net income f $7.8 million, or $0.10 per diluted common share, for the... Read more of this article