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Q2: Validus Provides Initial Estimate Of Losses

Q2: Validus Provides Initial Estimate Of Losses

Bermuda-based Validus Holdings, Ltd. provided an initial estimate of Validus’ net losses from second quarter 2016 notable and non-notable loss events. Validus expects to record losses from these events, net of reinsurance and retrocessional recoveries, noncontrolling interest and reinstatement premiums, in the amount of $60 million. The above estimates... Read more of this article

Validus Public Offering Of Depositary Shares

Validus Public Offering Of Depositary Shares

Bermuda-based Validus Holdings has priced an underwritten public offering of 6,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 5.875% Non-Cumulative Preference Shares, Series A, $0.175 par value and $25,000 liquidation preference per share [equivalent to $25 per Depositary Share]. Validus said they intend... Read more of this article

Validus 2016 First Quarter Net Income: $166.8M

Validus 2016 First Quarter Net Income: $166.8M

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016, compared to $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015. Net operating income available to Validus was $117.4 million, or $1.39... Read more of this article

Talbot And Markel’s Joint D&O Binder

Talbot And Markel’s Joint D&O Binder

Talbot Underwriting Ltd, a wholly owned subsidiary of Validus Holdings, Ltd, has joined forces with Markel International, the specialist insurer, to provide expertise and knowledge of the Middle East and Africa [MEA] marketplace via an increased level of D&O capacity in the region. As two leading insurers of D&O risks in the Lloyd’s Dubai... Read more of this article

Fitch Affirms Validus’ Ratings, Outlook Stable

Fitch Affirms Validus’ Ratings, Outlook Stable

Fitch Ratings has affirmed the ratings of Validus Holdings, Ltd. [Validus]. The affirmations include Validus’ ‘BBB+’ senior unsecured debt rating and ‘A’ Insurer Financial Strength [IFS] rating of Validus Reinsurance, Ltd. [Validus Re]. The Rating Outlook is Stable. A statement from the ratings agency said, “Validus’... Read more of this article

Validus: Full Year Net Income of $374.9 Million

Validus: Full Year Net Income of $374.9 Million

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended December 31, 2015, compared to $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014. Net income available to Validus was $374.9 million, or $4.34 per... Read more of this article

$2.4B Of AlphaCat Assets Under Management

$2.4B Of AlphaCat Assets Under Management

Bermuda-based Validus Holdings, Ltd. announced that assets under management [AUM] for Alphacat Mangers, Ltd. were $2.4 billion as of January 1, 2016. This amount compares to $1.4 billion as of January 1, 2015, representing year on year growth of greater than 70%. This $2.4 billion figure is inclusive of third party assets under management of $2.1 billion.... Read more of this article

Validus Appoints Rob Halsey As VP Atlanta

Validus Appoints Rob Halsey As VP Atlanta

Validus Holdings, Ltd. announced the appointment of Rob Halsey as Vice President, Atlanta Property Manager. In this new position, he will be responsible for building and maintaining the Validus Underwriters Excess & Surplus property business in the Southeast United States and write on behalf of Western World. “Rob has the experience, broker relationships... Read more of this article

New Appointments At Talbot Underwriting Ltd

New Appointments At Talbot Underwriting Ltd

Bermuda-based Validus Holdings, Ltd. confirmed a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as Chief Executive Officer of Talbot on February 29, 2016. Peter Bilsby, currently Managing Director of Talbot, will succeed Mr Atkin as Chief Executive Officer on March 1, 2016. Michael... Read more of this article

Validus Declares $0.32 Quarterly Dividend

Validus Declares $0.32 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd. has declared a quarterly dividend of $0.32 per common share and $0.32 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on December 31, 2015 to shareholders and warrant holders of record on December 15, 2015. Related StoriesValidus Public Offering... Read more of this article

Validus 2015 Third Quarter Net Income: $66.7M

Validus 2015 Third Quarter Net Income: $66.7M

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $66.7 million, or $0.78 per diluted common share, for the three months ended September 30, 2015, compared to $39.7 million, or $0.41 per diluted common share, for the three months ended September 30, 2014. Net income available to Validus was $304.1 million, or $3.50 per... Read more of this article

Validus Group Appoints China Representative

Validus Group Appoints China Representative

Bermuda-based Validus Holdings, Ltd. announced the appointment of Ellie Zhou as Underwriting Manager for Greater China to support the Validus Groups’ existing Chinese customers and grow the firm’s business in the region. “China is one of the world’s largest and fastest-growing insurance markets and continues to expand significantly,”... Read more of this article

Jessica Burns Awarded 2015 Validus Scholarship

Jessica Burns Awarded 2015 Validus Scholarship

Validus Holdings, Ltd. announced the launch of the Validus Scholarship, an annual program providing financial support to Bermudian students aimed at cultivating academic achievement, community involvement and leadership skills. “Bermuda resident Jessica M. Burns, currently a Business student at the University of Warwick, has been named the 2015... Read more of this article