Hashtag: #ValidusHoldingsLtd
Validus Ltd. Share Repurchase Authorisation
Bermuda-based Validus Holdings has authorized an increase in the Company’s common share repurchase authorisation to $500 million. Jeff Sangster, Validus’ Chief Financial Officer, commented, “The increase in Validus’ common share repurchase authorization to $500 million is an affirmation of our commitment to return excess capital to shareholders.... Read more of this article
Validus Declares $0.30 Quarterly Dividend
Bermuda based Validus Holdings has declared a quarterly dividend of $0.30 per common share and $0.30 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on December 31, 2013 to shareholders and warrant holders of record on December 13, 2013. Related Stories Validus Quarterly Preferred Share Dividends AIG... Read more of this article
Validus Reports 2013 Q3 Net Income: $183.4M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $183.4 million, or $1.77 per diluted common share for the three months ended September 30, 2013, compared to $207.3 million, or $2.11 per diluted common share, for the three months ended September 30, 2012. Net income available to Validus for the nine months ended September... Read more of this article
Validus Plans Swiss Underwriting Company
Bermuda-based Validus Holdings, Ltd. today [Sept 26] announced it will establish a Swiss underwriting company, transforming the existing operations of Flagstone Reassurance Suisse S.A. The Company will be renamed pending regulatory approval and will enhance Validus Reinsurance, Ltd.’s global underwriting platform including the establishment of a... Read more of this article
Validus Designated Accountant Training Office
The Institute of Chartered Accountants of Bermuda [ICAB] announced that the Pembroke office of Validus Holdings Ltd. has been designated as a Chartered Accountant Training Office. Validus is the second non-audit firm on the island to achieve this status, and the company has demonstrated a commitment to educating its employees and preparing them for... Read more of this article
Validus Announces $0.30 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. announced a quarterly dividend of $0.30 per common share and $0.30 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on September 30, 2013 to shareholders and warrant holders of record on September 13, 2013. Related Stories Validus Quarterly Preferred Share... Read more of this article
Validus Posts 2013 Q2 Net Income Of $30.7M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $30.7 million, or $0.28 per diluted common share for the three months ended June 30, 2013, compared to $167.6 million, or $1.62 per diluted common share, for the three months ended June 30, 2012. Net income available to Validus for the six months ended June 30, 2013 was... Read more of this article
Validus Expect $70M Loss From Europe Floods
Bermuda-based Validus Holdings said they expect the floods in central Europe in May and June will cost the company about $69.6 million. Validus said they expect to record a net negative financial impact from this event, net of reinstatement premiums and reinsurance, retrocessional and other recoveries in the amount of $69.6 million. This amount is apportioned... Read more of this article
Michael Moore Joins Validus From AXIS Capital
Bermuda-based Validus Holdings Ltd. announced this week that Michael Moore was hired to served as chief accounting officer. Mr. Moore, who will report to the company’s chief financial officer, joins the firm from Axis Capital Holdings Limited where he served as senior vice president, corporate operations. Holding company Validus Holdings, operating... Read more of this article
Validus Donation Supports BOM’s India Mission
Bermuda Overseas Missions [BOM] received a donation of $20,000 from Validus earlier this week. Mr. Jerome Dill, on behalf of Validus Group presented the gift to BOM President Mr. David Thompson and stated “Validus is delighted to support the efforts of our colleagues at Bermuda Overseas Missions and to sponsor the construction of two homes in India. “Our... Read more of this article
Validus To Release Q/2 Results On June 30
Bermuda-based Validus Holdings, Ltd. plans to release its financial results for the quarter ended June 30, 2013, after the close of trading on the New York Stock Exchange on Thursday, July 25, 2013. The company will hold a conference call for analysts and investors at 10:00 a.m. Eastern Time on Friday, July 26 to discuss these results. The conference... Read more of this article
Credit Suisse: Reinsurance Earning Estimates
Following discussions with nine reinsurers in Bermuda earlier this week, analysts at Credit Suisse find no reason to believe the growth trajectory of insurance-linked-securities reinsurance structures and the subsequent pressure it puts on pricing will dissipate for the foreseeable future. In a research not issued to investors on Friday, Credit Suisse... Read more of this article
