Hashtag: #ValidusHoldingsLtd
Validus Quarterly Results Due April 26
Bermuda’s Validus Holdings yesterday [Mar.7] announced that it plans to release its financial results for the quarter ended March 31, 2012, after the close of trading on the New York Stock Exchange on Thursday, April 26, 2012. Validus Holdings, Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned... Read more of this article
2012 Validus “Running of the Bulls” Results
Gideon Kigotho and Rose-Anna Hoey were crowned the 2012 ValidusRe 5K Running of the Bulls Male and Female Champions yesterday morning [Feb.26]. Validus Reinsurance hosted the inaugural “Running of the Bulls” 5K Run/Walk in partnership with the Mid Atlantic Athletic Club [MAAC] in support of the Big Brothers and Big Sisters of Bermuda. “We are... Read more of this article
2012 Validus’ ‘Running Of The Bulls’ 5K
Validus Reinsurance, Ltd., a Bermuda based reinsurance company and member of the Validus Group of Companies, announced today that registration for its Inaugural “Running of the Bulls” 5K Run/Walk is now open. The event is being held in partnership with the Mid Atlantic Athletic Club [MAAC] in support of the Big Brothers and Big Sisters of Bermuda... Read more of this article
Best Places Reinsurers Under Review
Ratings agency A.M. Best Co. has placed under review with developing implications the financial strength rating of “A-” [Excellent] and issuer credit ratings of “a-” of Bermuda’s IPCRe Limited and Validus Re Europe Limited, the Dublin-headquartered subsidiary of the Hamilton-based Validus Group. The under review status “reflects... Read more of this article
Validus Announces Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. announced yesterday [Feb.9] 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 March 30, 2012 to shareholders and warrant holders of record on March 15, 2012. Related... Read more of this article
A.M. Best Upgrades For Validus
A.M. Best Co. today [Feb.6] upgraded the financial strength rating [FSR] to A [Excellent] from A- [Excellent] and issuer credit rating [ICR] to “a” from “a-” of Bermuda’s Validus Reinsurance, Ltd. Additionally, A.M. Best has upgraded the ICR to “bbb” from “bbb-”and debt ratings of the parent company,... Read more of this article
Validus Q4 2011 Net Income: $27.3M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $27.3 million, or $0.25 per diluted common share for the three months ended December 31, 2011, compared to $102.7 million, or $0.92 per diluted common share, for the three months ended December 31, 2010. Net income available to Validus for the year ended December 31, 2011... Read more of this article
Validus Estimates Cruise Disaster: $65M
Bermuda-based Validus Holdings, Ltd. said it expects to have exposure of $50 to $65 million after the sinking of the cruise liner “Costa Concordia” off the coast of Italy on January 13th. A statement from Validus said, “The Company today is providing an initial estimate of losses from the Costa Concordia marine event that occurred on January... Read more of this article
Analysts: ‘Buy’ Rating For Validus
Research analysts at Goldman Sachs age set a “buy” rating on shares of Bermuda’s Validus Holdings in a report issued yesterday [Jan. 26]. Separately, analysts at Bank of America upgraded shares of Validus Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday, December 9th. Analysts at... Read more of this article
Talbot Underwriting Asia Appointment
Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., today [Jan.26] announced the appointment of Joe Wee as Regional Construction Underwriter at Singapore-based Talbot Risk Services Pte Ltd. Mr. Wee brings specialist construction expertise to support the growth of Talbot in Asia after nine years with Allianz... Read more of this article
Thai Floods: Validus Estimates $55 Million
Bermuda-based Validus Holdings, Ltd. today [Jan.11] provided an initial estimate of losses from the severe flooding that took place in Thailand during the fourth quarter of 2011. Validus expects to record loss and loss expenses from these events in the amount of $55.5 million, net of reinstatement premiums and reinsurance, retrocessional and other... Read more of this article
Billionaire Cohen Buys 5.2% Of Validus
Businessweek reports today that billionaire Steven A. Cohen’s SAC Capital Advisors has bought a 5.2 percent stake in Bermuda-based reinsurer Validus Holdings Ltd. Steven A. Cohen is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies. He has an estimated net worth of $9.3 billion... Read more of this article
