Hashtag: #ValidusHoldingsLtd
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
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 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
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 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
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 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
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
Fitch Affirms Validus’ Ratings, Outlook Stable
Fitch Ratings has affirmed the ratings of Bermuda-based Validus Holdings as follows: Long-Term Issuer Default Rating [IDR] at ‘A-’; Senior debt at ‘BBB+’; Junior subordinated debt at ‘BBB’; and Preferred shares at ‘BBB’. Fitch has also affirmed the ‘A’ Insurer Financial Strength [IFS]... Read more of this article
Validus Declare $0.35 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. declared a quarterly cash dividend of $0.35 per common share. The common share dividend is payable on September 30, 2016 to shareholders of record on September 15, 2016. In addition, the Board of Directors declared a cash dividend on the Company’s Series A 5.875% Preferred Shares of $0.3753472 per depositary share... Read more of this article
Validus Awards Scholarship To Kyra Hodsoll
Validus Holdings, Ltd today announced the winner of its Validus Scholarship, an annual program, now in its second year, that provides financial support to Bermudian students aimed at cultivating academic achievement, community involvement, and leadership skills. Kyra Hodsoll, currently a second-year participant in Validus Summer Student Program and... Read more of this article
Validus Holdings Report Net Income Of $95M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus common shareholders of $95.0 million, or $1.14 per diluted common share, for the three months ended June 30, 2016, compared to $65.8 million, or $0.75 per diluted common share, for the three months ended June 30, 2015. Net income available to Validus common shareholders was... Read more of this article
Q2: Validus Provides Initial Estimate Of Losses
Bermuda-based Validus Holdings, Ltd. provided an initial estimate of Validus’ net losses from second quarter 2016 notable and non-notable loss events. Validus expects to record losses from these events, net of reinsurance and retrocessional recoveries, noncontrolling interest and reinstatement premiums, in the amount of $60 million. The above estimates... Read more of this article
Validus Public Offering Of Depositary Shares
Bermuda-based Validus Holdings has priced an underwritten public offering of 6,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 5.875% Non-Cumulative Preference Shares, Series A, $0.175 par value and $25,000 liquidation preference per share [equivalent to $25 per Depositary Share]. Validus said they intend... Read more of this article
Validus 2016 First Quarter Net Income: $166.8M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016, compared to $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015. Net operating income available to Validus was $117.4 million, or $1.39... Read more of this article
Talbot And Markel’s Joint D&O Binder
Talbot Underwriting Ltd, a wholly owned subsidiary of Validus Holdings, Ltd, has joined forces with Markel International, the specialist insurer, to provide expertise and knowledge of the Middle East and Africa [MEA] marketplace via an increased level of D&O capacity in the region. As two leading insurers of D&O risks in the Lloyd’s Dubai... Read more of this article
