Hashtag: #ValidusHoldingsLtd
Validus Announces Q1 Net Income Of $173.4M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015, compared to $162.4 million, or $1.66 per diluted common share, for the three months ended March 31, 2014. Net operating income available to Validus was $132.8 million, or $1.52... Read more of this article
Estwanik, Robinson & Maffit Promoted At Validus
Validus Reinsurance, Ltd. today [Apr 13] announced a number of underwriting promotions in its Bermuda office, strengthening the capabilities and breadth of its global reinsurance team. Chris Estwanik, currently Assistant Vice President, U.S. Property Underwriter, has been promoted to Vice President, U.S. Property Underwriter Mark Robinson, currently... Read more of this article
A.M. Best Affirms Validus Reinsurance Ratings
A.M. Best has affirmed the financial strength rating of A [Excellent] and the issuer credit rating [ICR] of “a” of Validus Reinsurance, Ltd. [Validus Re] [Bermuda] and Validus Reinsurance [Switzerland] Ltd. [VRS] [Zurich, Switzerland]. Additionally, A.M. Best has affirmed the ICR of “bbb” and debt ratings of the parent company, Validus Holdings,... Read more of this article
Validus Common Share Repurchase, Dividend
Validus Holdings, Ltd. has authorized a new common share repurchase program in the amount of $750 million and also increased its quarterly common share dividend to $0.32 from $0.30. Jeff Sangster, Validus’ Chief Financial Officer, said, “We remain committed to returning excess capital to shareholders as evidenced by this latest share repurchase... Read more of this article
Validus Reports $481.M Net Income For 2014
Bermuda-based Validus Holdings, Ltd. today [Jan 29] reported net income available to Validus of $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014, compared to $95.3 million, or $0.93 per diluted common share, for the three months ended December 31, 2013. Net income available to Validus was $481.3 million,... Read more of this article
Validus Holdings Opens New Office In Boston
Bermuda-based Validus Holdings, Ltd. has opened a new office in Boston, Massachusetts. “The operation, Validus Underwriters, Inc., further strengthens the Company’s U.S. platform and joins Validus’ U.S. locations in Miami, New York, and Franklin Lakes, New Jersey, headquarters of recently acquired Western World Insurance Group, Inc.,”... Read more of this article
AlphaCat Managers Ltd. Secures $564 Million
Bermuda-based Validus Holdings, Ltd. said that AlphaCat Managers, Ltd. has secured $564 million of new subscriptions and commitments for deployment during 2015. The newly raised capital consists of $409 million for the AlphaCat ILS Funds and $155 million for AlphaCat 2015, Ltd., a special purpose vehicle formed for the purpose of investing in collateralized... Read more of this article
Validus Declares $0.30 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. announced that its Board of Directors 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, 2014 to shareholders and warrant holders of record on December 15, 2014. Related Stories AM... Read more of this article
Validus Q3 2014 Net Income: $39.7 Million
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $39.7 million, or $0.41 per diluted common share, for the three months ended September 30, 2014, compared to $183.4 million, or $1.77 per diluted common share, for the three months ended September 30, 2013. Net income available to Validus was $355.4 million, or $3.70 per... Read more of this article
Validus Completes Western World Acquisition
Bermuda-based Validus Holdings, Ltd. completed its acquisition of Western World Insurance Group, Inc. Western World, through its subsidiaries, is a specialty lines insurance company with a 50 year track record of profitability and is a pioneer in the binding authority business model. Ed Noonan, Validus’ Chairman and Chief Executive Officer, stated,... Read more of this article
Robinson, Wright, Hollis Awarded Scholarships
Validus Holdings, Ltd., in partnership with the Association of Bermuda International Companies [ABIC], the Bermuda Foundation for Insurance Studies [BFIS] and Knowledge Quest, is sponsoring three scholarships aimed at developing Bermuda’s future professionals, and is thrilled to announce this year’s recipients. Carmela Robinson is the recipient... Read more of this article
Validus & Bascome To Hold Football Camp
Validus Holdings and Bascome Enterprise have revealed the Validus Power of One football camp, set to be held from August 18 through August 22 at Somersfield Academy. Players from 10 to 15 years of age will participate in the camp, which combines football development with business learning, civic engagement, social skills and education. A spokesperson... Read more of this article
Validus Declare $0.30 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. announced today that its Board of Directors 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 September 30, 2014 to shareholders and warrant holders of record on September 15, 2014. Related... Read more of this article
Validus: Q2 2014 Net Income Of $153.4 Million
Bermuda-based Validus Holdings, Ltd. today reported net income available to Validus of $153.4 million, or $1.61 per diluted common share, for the three months ended June 30, 2014, compared to $30.7 million, or $0.28 per diluted common share, for the three months ended June 30, 2013. Net income available to Validus was $315.8 million, or $3.27 per diluted... Read more of this article
Validus To Sponsor Volunteer Trip To Bolivia
Validus Holdings Ltd has revealed that it will be donating $20,000 and sponsoring three volunteers from the Beyond Rugby Bermuda program to participate in Bermuda Overseas Mission’s [BOM] volunteer trip to Cochabamba, Bolivia to build houses in partnership with Habitat for Humanity. This is the third year that Validus has sponsored BOM’s annual... Read more of this article
A.M. Best: Western World Ratings Unchanged
A.M. Best has commented that the ratings of the pooled insurance members of Western World Insurance Group are unchanged following its recent announcement that it has reached a definitive agreement to be acquired by Bermuda-based Validus Holdings, Ltd. for $690 million in cash. The transaction is anticipated to close in the late third quarter or early... Read more of this article
