Hashtag: #ValidusHoldingsLtd

Fitch Affirms Validus’ Ratings, Outlook Stable

Fitch Affirms Validus’ Ratings, Outlook Stable

Fitch Ratings has affirmed the ratings of Bermuda-based Validus Holdings as follows: Long-Term Issuer Default Rating [IDR] at ‘A-’; Senior debt at ‘BBB+’; Junior subordinated debt at ‘BBB’; and Preferred shares at ‘BBB’. Fitch has also affirmed the ‘A’ Insurer Financial Strength [IFS]... Read more of this article

Validus Declare $0.35 Quarterly Dividend

Validus Declare $0.35 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd. declared a quarterly cash dividend of $0.35 per common share. The common share dividend is payable on September 30, 2016 to shareholders of record on September 15, 2016. In addition, the Board of Directors declared a cash dividend on the Company’s Series A 5.875% Preferred Shares of $0.3753472 per depositary share... Read more of this article

Validus Awards Scholarship To Kyra Hodsoll

Validus Awards Scholarship To Kyra Hodsoll

Validus Holdings, Ltd today announced the winner of its Validus Scholarship, an annual program, now in its second year, that provides financial support to Bermudian students aimed at cultivating academic achievement, community involvement, and leadership skills. Kyra Hodsoll, currently a second-year participant in Validus Summer Student Program and... Read more of this article

Validus Holdings Report Net Income Of $95M

Validus Holdings Report Net Income Of $95M

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $95.0 million, or $1.14 per diluted common share, for the three months ended June 30, 2016, compared to $65.8 million, or $0.75 per diluted common share, for the three months ended June 30, 2015. Net income available to Validus common shareholders was... Read more of this article

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