Hashtag: #ValidusHoldingsLtd
Jessica Burns Awarded 2015 Validus Scholarship
Validus Holdings, Ltd. announced the launch of the Validus Scholarship, an annual program providing financial support to Bermudian students aimed at cultivating academic achievement, community involvement and leadership skills. “Bermuda resident Jessica M. Burns, currently a Business student at the University of Warwick, has been named the 2015... Read more of this article
Validus Appoints Head of Treaty Reinsurance
Bermuda-based Validus Re, the reinsurance division of Validus Holdings, Ltd. announced the appointment of Jorge Beltran [pictured] as Executive Vice President, Head of Treaty of Validus Reaseguros, Inc. In this new role, Mr. Beltran will be responsible for the implementation and execution of Validus Re’s treaty strategy in Latin America. Kean Driscoll,... Read more of this article
Validus Initial Estimate Of Earthquake Losses
Bermuda-based Validus Holdings, Ltd. provided an initial estimate of losses relating to the August 12th explosion in the port of Tianjin, China and the September 16th earthquake in Chile. Validus expects to record losses from these events, net of reinstatement premiums and reinsurance, retrocessional and other recoveries in the amount of $63.9 million.... Read more of this article
Fitch Affirms Ratings Of Validus Holdings
Fitch Ratings has affirmed the ratings of Validus Holdings, Ltd. These rating actions include Validus’ senior unsecured debt rating, which was affirmed at ‘BBB+’ and the Insurer Financial Strength [IFS] rating of Validus Reinsurance, Ltd. [Validus Re], which was affirmed at ‘A’. The ratings agency said, “Fitch has... Read more of this article
Validus Declares $0.32 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. has declared a quarterly dividend of $0.32 per common share and $0.32 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on September 30, 2015 to shareholders and warrant holders of record on September 15, 2015. Related Stories Validus Quarterly Preferred Share... Read more of this article
Noonan: “Strong Result In The Current Market”
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $64.0 million, or $0.73 per diluted common share, for the three months ended June 30, 2015, compared to $153.4 million, or $1.61 per diluted common share, for the three months ended June 30, 2014. Net income available to Validus was $237.4 million, or $2.72 per diluted... Read more of this article
Bermuda Validus National Swim Championships
The Bermuda Amateur Swimming Association [BASA] has announced that the Long Course National Championships, sponsored by Validus, will take place from May 28 through 31 at the National Sports Centre [NSC]. The championship meet has been sanctioned by FINA, the world governing body of aquatics, allowing results at the meet to be recognized for qualification... Read more of this article
Validus Ltd Declares $0.32 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. has declared a quarterly dividend of $0.32 per common share and $0.32 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on June 30, 2015 to shareholders and warrant holders of record on June 15, 2015. Related Stories Validus Quarterly Preferred Share Dividends AIG... Read more of this article
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
