Hashtag: #ValidusHoldingsLtd
AM Best Affirms Validus Re’s Excellent Ratings
Following a review, AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of Validus Reinsurance, Ltd. and Validus Reinsurance [Switzerland] Ltd. The ratings agency said, “AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A [Excellent]... Read more of this article
ABIR Congratulates RenRre On Acquisition
The Association of Bermuda Insurers and Reinsurers [ABIR] said they “welcomed the news that RenaissanceRe Holdings Ltd. has successfully closed its acquisition of Validus Re and its subsidiaries from American International Group [AIG].” A spokesperson said, “ABIR member RenaissanceRe becomes the fifth-largest property and casualty... Read more of this article
RenaissanceRe Acquires Validus Reinsurance
RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc which includes... Read more of this article
RenaissanceRe To Acquire Validus Reinsurance
Renaissancere Holdings announced it has “entered into a definitive agreement with American International Group, Inc., whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed... Read more of this article
Nisha Smith Named 2020 Validus Scholar
Validus Re has announced that Nisha Smith has been named as the 2020 Validus Scholar, while also renewing the scholarship for 2019 winner Halle Teart and awarding additional bursaries to Zahra Wilson and Tamia Place. A spokesperson said, “Validus Re [Validus] an American International Group, Inc. company, today announced the winners of its Validus... Read more of this article
Halle Teart Named 2019 Validus Scholar
Validus Re today [July 16] announced the winner of its Validus Scholarship, an annual program providing financial support to Bermudian students aimed at cultivating academic achievement, community involvement and leadership skills. Halle Teart has been named as the 2019 Validus Scholar. A spokesperson said, “Halle is entering her sophomore... Read more of this article
AM Best Affirms Credit Ratings Of Validus
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Bermuda-based Validus Reinsurance and its affiliate, Validus Reinsurance [Switzerland] Ltd. The outlook of the Credit Ratings [ratings] are stable. A statement from the ratings agency said, “The ratings reflect... Read more of this article
AlphaCat, Terra Re Insurance-Linked Securities
AlphaCat Managers and Terra Brasis Resseguros S.A. announced the successful completion of a $5 million private catastrophe bond transaction. The 2019 ‘Alpha Terra Validus III’ bond is the third issuance of this pioneering arrangement covering Latin American reinsurance catastrophe risks. The 2019 notes provide retrocessional reinsurance protection... Read more of this article
Validus Donate New Bus To Hope Academy
Dame Marjorie Bean Hope Academy students can now enjoy traveling in a new bus thanks to the generosity of Validus Re, who donated the bus to the school to assist in transporting their students. The Government posted the photos below online, and said, “The Dame Marjorie Bean Hope Academy was presented with a new ‘Smiley’s Bus’ for... Read more of this article
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
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
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 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
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
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
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
