Hashtag: #ValidusHoldingsLtd
Validus Declare $0.25 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.25 per common share and $0.25 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on December 28, 2012 to shareholders and warrant holders of record on December 14, 2012. Related Stories Validus... Read more of this article
Validus: Q3 Net Operating Income Of $170.6M
Bermuda-based Validus Holdings, Ltd. reported on Thursday [Oct 25] a net income available to Validus of $207.3 million, or $2.11 per diluted common share for the three months ended September 30, 2012, compared to $56.5 million, or $0.54 per diluted common share, for the three months ended September 30, 2011. Net income available to Validus for the nine... Read more of this article
Validus Announces CFO Succession Plan
Bermuda-based Validus Holdings, Ltd. announced on Thursday [Oct 25] that Jeff Sangster will assume the position of Executive Vice President and Chief Financial Officer of the Company, effective February 16, 2013. Jeff Sangster, who joined Validus shortly after its formation in 2006 and currently serves as Executive Vice President and Group Chief Accounting... Read more of this article
Validus Holdings to Acquire Flagstone Re
Bermuda-based Validus Holdings, Ltd.and Flagstone Reinsurance Holdings, S.A. confirmed today [Aug 30] that the boards of directors of both Validus and Flagstone have approved a definitive merger agreement pursuant to which Validus will acquire all of the issued and outstanding shares of Flagstone. Under the terms of the agreement, Flagstone shareholders... Read more of this article
Validus’ Record Q2 Net Operating Income $171.2M
Bermuda based Validus Holdings, Ltd. reported on Thursday [July 26], net income available to Validus of $167.6 million, or $1.62 per diluted common share for the three months ended June 30, 2012, compared to $109.9 million, or $1.05 per diluted common share, for the three months ended June 30, 2011. Net income available to Validus for the six months... Read more of this article
A.M. Best Affirms Validus Re Ratings
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Validus Re Americas, Ltd. (Validus Re Americas) (Bermuda) and its affiliate, Validus Re Europe Limited (Ireland). Subsequently, A.M. Best has withdrawn both ratings at the company’s... Read more of this article
Validus Modified Dutch Auction Tender Offer
Bermuda-based Validus Holdings, Ltd. announced the final results of its “modified Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on June 5, 2012. Validus has accepted for purchase 6,383,884 of its common shares at a price of $32.00 per common share for a total cost of $204,284,288, excluding fees and expenses... Read more of this article
Validus Preliminary Results Of Tender Offer
Bermuda-based Validus Holdings Ltd. announced the preliminary results of its “modified Dutch auction” tender offer, which expired yesterday [June 5]. A statement from the Company said, “Based on the preliminary count by Computershare, the depositary for the tender offer, 6,325,505 common shares, including 2,761,999 common shares that were... Read more of this article
Validus Re Names Kean Driscoll As CEO
Bermuda based Validus Holdings, Ltd. announced a number of senior management promotions, with Kean D. Driscoll — currently Chief Underwriting Officer of Validus Re — appointed as Chief Executive Officer of Validus Re. Jeff M. Clements, currently Head of U.S. Property and Specialty underwriting at Validus Re has been appointed Chief Underwriting... Read more of this article
A.M. Best Assigns Ratings To PaCRe Ltd.
A.M. Best Co. today [Apr. 9] assigned a financial strength rating of A- [Excellent] and issuer credit rating of “a-” to newly-formed Bermuda re/insurer PaCRe Ltd. The agency said the outlook assigned to both ratings is stable. The ratings of PacRe are based on its excellent risk-adjusted capitalization, experienced underwriting led by Validus... Read more of this article
Validus, Paulson Team Up For New Reinsurer
[Updated]: Bermuda-based Validus Holdings, Ltd. announced today [Apr.4] the capitalization of PaCRe, Ltd, a new Bermuda Class 4 reinsurer. PaCRe is funded with $500.0 million of contributed capital and is rated “A-” [Excellent] by A.M. Best Co. Validus Underwriting Services, Ltd. will underwrite business for PaCRe for which it will be paid... Read more of this article
Talbot Ends Abu Dhabi Joint Venture
Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., and Abu Dhabi National Insurance Company [ADNIC], one of the leading insurance companies in the United Arab Emirates, announced today [Mar.13] that they are ceasing their joint venture business Underwriting Risk Services Middle East Ltd. [URSME], which was... Read more of this article
