Hashtag: #ValidusHoldingsLtd

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

Validus Cancels Financial Results Call/Webcast

Validus Cancels Financial Results Call/Webcast

In light of its definitive agreement to be acquired by American International Group [AIG], Validus is canceling its fourth quarter and year end 2017 conference call and webcast that was previously scheduled for Friday, February 2, 2018. Validus will issue its fourth quarter 2017 results earnings release and related SEC filings as previously scheduled... Read more of this article

Column: ‘Validus & AIG Will Thrive In Bermuda’

Column: ‘Validus & AIG Will Thrive In Bermuda’

[Opinion column written by Brian Duperreault and Ed Noonan] Today we announced that AIG has proposed to acquire Validus. This is an exciting announcement for both companies, and for us personally. For AIG, this is a great step forward in our strategy to grow the company to be a global, profitable leader in the industry. The transaction will bring new... Read more of this article

AIG To Acquire Validus For $5.56 Billion In Cash

AIG To Acquire Validus For $5.56 Billion In Cash

[Updated] American International Group will acquire all outstanding common shares of Validus Holdings, with the company saying that “holders of Validus common shares will receive cash consideration of $68.00 per share, for an aggregate transaction value of $5.56 billion, funded by cash on hand.” “Validus is an excellent strategic fit for... Read more of this article

AlphaCat: $3.4B Assets Under Management

AlphaCat: $3.4B Assets Under Management

Bermuda-based Validus Holdings announced that assets under management at Alphacat Managers, Ltd. were $3.4 billion as of January 1, 2018. This $3.4 billion figure reflects net third party inflows of $714.2 million at January 1, 2018, resulting in total third party assets under management of $3.2 billion. Lixin Zeng, the Global Head of Asset Management... Read more of this article