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A.M. Best Affirms Validus Reinsurance Ratings

A.M. Best Affirms Validus Reinsurance Ratings

A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a” of Bermuda-based Validus Reinsurance, Ltd. Concurrently, A.M. Best has affirmed the FSRs of A [Excellent] and the Long-Term ICRs of “a” of the following Validus subsidiaries: Western World Insurance Company,... Read more of this article

Validus Donates $45K To St. John Ambulance

Validus Donates $45K To St. John Ambulance

The Validus Group has made a donation of $45,000 to St. John Ambulance Bermuda to support the purchase of an ambulance. Ed Noonan, Validus Chairman and Chief Executive Officer said, “Validus is committed to continuing to help our local community in Bermuda.” “We are honored to be supporting St. John Ambulance Bermuda in their important mission... Read more of this article

Validus Declares $0.38 Quarterly Dividend

Validus Declares $0.38 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd. has increased its quarterly cash dividend to $0.38 per common share from $0.35, an increase of $0.03 or 8.6%. The common share dividend is payable on March 31, 2017 to shareholders of record on March 15, 2017. In addition, the Board of Directors has declared a cash dividend on the Company’s Series A 5.875% Preferred... Read more of this article

AlphaCat & Terra Brasis $5M Bond Transaction

AlphaCat & Terra Brasis $5M Bond Transaction

AlphaCat Managers Ltd., a wholly owned subsidiary of Bermuda-based Validus Holdings 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 I, represents a unique offering of Latin American reinsurance risk on an indemnity basis and is the... Read more of this article

Validus Reports 2016 Net Income Of $359.4M

Validus Reports 2016 Net Income Of $359.4M

Bermuda-based Validus Holdings reported net income available to Validus common shareholders of $7.8 million, or $0.10 per diluted common share, for the three months ended December 31, 2016, compared to $69.0 million, or $0.81 per diluted common share, for the three months ended December 31, 2015. Net income available to Validus common shareholders... Read more of this article

Validus To Acquire ADM’s Crop Risk Services

Validus To Acquire ADM’s Crop Risk Services

Bermuda-based Validus Holdings have reached an agreement with Archer Daniels Midland Company for the purchase of ADM’s Crop Risk Services business. The transaction includes a marketing services agreement under which ADM and Validus will work together to continue to offer a full range of insurance and farm products and services to CRS customers. CRS... Read more of this article

AlphaCat: $2.7B Assets Under Management

AlphaCat: $2.7B Assets Under Management

Bermuda-based Validus Holdings announced that assets under management at AlphaCat Managers, Ltd. were $2.7 billion as of January 1, 2017. This amount compares to $2.5 billion as of January 1, 2016. This $2.7 billion figure includes third party assets under management of $2.5 billion compared to $2.1 billion in the prior year, an increase of 20%, including... Read more of this article

Validus Group Donates $20,000 To Project Action

Validus Group Donates $20,000 To Project Action

Validus Group has presented a $20,000 cheque to Project Action in support of the charity’s work providing free transportation to disabled individuals and senior citizens.Validus Group has supported Project Action throughout the year, most recently with funds raised from the Running of the Bulls race held in November in Bermuda. During the race,... Read more of this article

Validus CEO Ed Noonan Sells 273,000 Shares

Validus CEO Ed Noonan Sells 273,000 Shares

Bermuda-based Validus Holdings, Ltd. announced that the Company’s Chairman and Chief Executive Officer Edward J. Noonan has sold 273,000 shares of the Company’s common stock in open market transactions for the “purpose of satisfying outstanding tax related obligations due as a result of the exercise of expiring options and warrants... Read more of this article

Talbot Underwriting Appoints Cyber Underwriters

Talbot Underwriting Appoints Cyber Underwriters

Talbot Underwriting Ltd, a wholly owned subsidiary of Validus Holdings, announced the appointment of a dedicated team of expert cyber underwriters. Phil Mayes joins the team as Senior Class Underwriter, and Gillian Anderson joins the team as Class Underwriter. Phil Mayes has more than 25 years of experience in insurance, primarily in the cyber and technology... Read more of this article

Validus Declares $0.35 Quarterly Dividend

Validus Declares $0.35 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd.  has declared a quarterly cash dividend of $0.35 per common share. The common share dividend is payable on December 30, 2016 to shareholders of record on December 15, 2016. In addition, the Board of Directors declared a cash dividend on the Company’s Series A 5.875% Preferred Shares of $0.3671875 per depositary... Read more of this article

Talbot Launches Consortium For NBCR Terrorism

Talbot Launches Consortium For NBCR Terrorism

Talbot Underwriting Ltd., a wholly owned subsidiary of Bermuda-based Validus Holdings, Ltd., announced the successful launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological [NBCR] terrorism. “In response to market demands for this unique and challenging coverage, the facility will allow brokers to fully bind through... Read more of this article

Validus Reports Net Income Of $89.8 Million

Validus Reports Net Income Of $89.8 Million

Bermuda-based Validus Holdings reported net income available to Validus common shareholders of $89.8 million, or $1.11 per diluted common share, for the three months ended September 30, 2016, compared to $66.7 million, or $0.78 per diluted common share, for the three months ended September 30, 2015. Net income available to Validus common shareholders... Read more of this article