Hashtag: #ValidusHoldingsLtd

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

Validus Holdings Announces Leadership Roles

Validus Holdings Announces Leadership Roles

Bermuda-based Validus Holdings, Ltd. announced the following leadership appointments “designed to enhance the development and execution of its global strategy.”Kean Driscoll – Global Head of Reinsurance, in addition to his roles as President of Validus Holdings, Ltd. and Chief Executive Officer ofValidus Reinsurance, Ltd.;Peter Bilsby... Read more of this article

Validus Estimate $30M Losses From Wildfires

Validus Estimate $30M Losses From Wildfires

Bermuda-based Validus Holdings, Ltd. provided an initial estimate of Validus’ net losses from the October 2017 California Wildfires and commented on the current U.S. House and Senate tax reform bills. Validus expects the net impact from the October 2017 California Wildfires to be $30.0 million. This estimate is based on Validus’ current evaluation... 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 December 29, 2017 to shareholders of record on December 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 Reports Q3 Net Loss Of $250.4 Million

Validus Reports Q3 Net Loss Of $250.4 Million

Bermuda-based Validus Holdings, Ltd. reported a net [loss] attributable to Validus common shareholders of $[250.4] million, or $[3.17] per diluted common share, for the three months ended September 30, 2017, compared to net income available to Validus common shareholders of $89.8 million, or $1.11 per diluted common share, for the three... Read more of this article

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