Hashtag: #ValidusHoldingsLtd

Validus Initial Estimate Of Losses: $378.9M

Validus Initial Estimate Of Losses: $378.9M

Bermuda-based Validus Holdings, Ltd. provided an initial estimate of Validus’ net losses from third quarter 2017 loss events. Validus expects to record losses from these events, net of reinsurance, retrocessional recoveries, noncontrolling interest and net impact on premiums earned, in the amount of $378.9 million. As part of the loss evaluation... Read more of this article

Validus Launches Talbot Led $240M PRI Binder

Validus Launches Talbot Led $240M PRI Binder

Validus Specialty Underwriting, Inc., a wholly owned subsidiary of Bermuda-based Validus Holdings, Ltd, announced the renewal of its Political Risk Insurance [PRI] binding authority from its New York office, underwritten 100% by various underwriters at Lloyd’s and led by Talbot Underwriting Ltd, Syndicate 1183. “The Talbot-led binding authority... Read more of this article

Talbot Underwriting Appoints Monica Burch

Talbot Underwriting Appoints Monica Burch

Talbot Underwriting, a wholly owned subsidiary of Bermuda-based Validus Holdings, announced the appointment of Monica Burch as Non-Executive Director of its Board of Directors. “Ms. Burch currently serves as a consultant at Addleshaw Goddard LLP, is a Non-Executive Board Member of the Crown Prosecution Service and Chairs its Nominations and... Read more of this article

Validus Declares $0.38 Quarterly Dividend

Validus Declares $0.38 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd declared a quarterly cash dividend of $0.38 per common share. The common share dividend is payable on September 29, 2017 to shareholders of record on September 15, 2017. 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... Read more of this article

Validus Awards Scholarship To Sachio Harrison

Validus Awards Scholarship To Sachio Harrison

Validus Holdings, Ltd. today [Aug 1] announced the winner of its Validus Scholarship, an annual program, now in its third year, that provides financial support to Bermudian students aimed at cultivating academic achievement, community involvement, and leadership skills. Sachio Harrison, currently a first-year participant in the Validus Summer Student... Read more of this article

Validus Reports Net Income Of $101.1 Million

Validus Reports Net Income Of $101.1 Million

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $101.1 million, or $1.25 per diluted common share, for the three months ended June 30, 2017, compared to $95.0 million, or $1.14 per diluted common share, for the three months ended June 30, 2016. Net operating income available to Validus common shareholders... Read more of this article

Validus Public Offering Of Depositary Shares

Validus Public Offering Of Depositary Shares

Bermuda-based Validus Holdings, Ltd. has priced an underwritten public offering of 10,000,000 depositary shares, each of which represents a 1/1,000th interest in a share of its 5.800% Non-Cumulative Preference Shares, Series B, $0.175 par value and $25,000 liquidation preference per share [equivalent to $25 per depositary share]. Validus intends to... Read more of this article

AlphaCat Appoints Bernard Van der Stichele

AlphaCat Appoints Bernard Van der Stichele

AlphaCat Managers Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. announced the appointment of Bernard Van der Stichele to the position of Portfolio Manager for AlphaCat. In this new role, Bernard will report to Lixin Zeng, Chief Executive Officer of AlphaCat. Bernard Van der Stichele brings over 15 year of institutional investment management... Read more of this article

Driscoll Named President Of Validus Holdings

Driscoll Named President Of Validus Holdings

Validus Holdings, Ltd. announced that Kean Driscoll has been named President of the Company, effective immediately. Mr. Driscoll will continue to serve as the Chief Executive Officer of Validus Reinsurance, Ltd., the position he has held since 2012. Ed Noonan, Chairman and Chief Executive Officer of Validus, said, “Kean has been an outstanding leader... Read more of this article

Validus Completes ADM CRS Acquisition

Validus Completes ADM CRS Acquisition

Bermuda-based Validus Holdings Ltd. has completed its acquisition of Archer Daniels Midland Company’s [ADM] Crop Risk Services business [CRS]. CRS is a primary crop insurance managing general agent based in Decatur, Illinois with $555.0 million gross premiums written in 2016 and 1,170 agents across 36 states. Validus’ Chairman and Chief Executive... Read more of this article

Video: Validus & Bermuda College Partnership

Video: Validus & Bermuda College Partnership

Bermuda College has announced the “success of partnership with Validus Re that has been softly celebrated for approximately two years.” Andy Newton, Vice President, Head of Information Technology at Validus said, “Validus endorses a holistic approach to student development based on practical experience. “With that in mind, our Learning... Read more of this article

Validus Reports Net Income Of $94.6 Million

Validus Reports Net Income Of $94.6 Million

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common shareholders... Read more of this article

Validus Reports Net Income Of $94.6 Million

Validus Reports Net Income Of $94.6 Million

Bermuda-based Validus Holdings reported net income available to Validus common shareholders of $94.6 million, or $1.17 per diluted common share, for the three months ended March 31, 2017, compared to $166.8 million, or $1.98per diluted common share, for the three months ended March 31, 2016. Net operating income available to Validus common... Read more of this article