Hashtag: #ValidusHoldingsLtd
A.M. Best: Validus Ratings Remain Unchanged
A.M. Best has commented that the ratings of Bermuda-based Validus Holdings, Ltd. and its operating subsidiaries remain unchanged following Validus’ recent announcement that it has signed a definitive agreement to acquire Western World Insurance Group, Inc. for $690 million in cash. The ratings agency said, “Validus has a solid track record of... Read more of this article
Validus To Acquire Western World Insurance
Bermuda-based Validus Holdings, Ltd. announced the signing of a definitive agreement to acquire 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, based in Franklin Lakes, New Jersey. Validus... Read more of this article
Validus Declares $0.30 Quarterly Dividend
Bermuda-based Validus Holdings, Ltd. 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 June 30, 2014 to shareholders and warrant holders of record on June 13, 2014. Related Stories AM Best Affirms Credit Ratings Of Validus Validus... Read more of this article
Validus First Quarter Net Income: $162.4 Million
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus for the three months ended March 31, 2014 of $162.4 million, or $1.66 per diluted common share, compared to $223.2 million, or $1.90 per diluted common share, for the three months ended March 31, 2013. Net operating income available to Validus for the three months ended March... Read more of this article
Video: Running Of The Bulls 5K Road Race
The Validus “Running of the Bulls” 5K took place this morning [Mar 30], with the athletic event inspired by the running of the bulls in Pamplona, Spain. Several elite runners [the “Bulls”] began with a delayed start, forcing them to try to catch up to the rest of the runners/walkers to the finish line. The race was held in partnership... Read more of this article
Registration Open For Running Of The Bulls 5K
The Validus “Running of the Bulls” 5K will take place on Sunday, March 30, with the athletic event inspired by the running of the bulls in Pamplona, Spain. Several elite runners [the “Bulls”] will be running the race but will have a delayed start. The elite runners/walkers will try to catch up to the rest of the runners/walkers to the... Read more of this article
Validus & Aspen To Sponsor Beyond Rugby
Validus Holdings, Ltd. and Aspen Re said they are proud to sponsor The 3rd Annual Beyond Rugby Bermuda Play for Success Rugby Championship Day, taking place on Friday, March 28th at the National Stadium. The Championship Day will feature a friendly match with members of Beyond Rugby teams and participants from Validus and Aspen Re. Both Validus and... Read more of this article
March 30th: Validus “Running of the Bulls” 5K
The Validus “Running of the Bulls” 5K will take place on Sunday, March 30th; with the athletic event inspired by the running of the bulls in Pamplona, Spain. Several elite runners [the “Bulls”] will be running the race but will have a delayed start. The elite runners/walkers will try catch up to the rest of the runners/walkers to the... Read more of this article
Validus Quarterly Dividend, Share Repurchase
Bermuda-based Validus Holdings, Ltd. 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 March 31, 2014 to shareholders and warrant holders of record on March 14, 2014. In addition, Validus has authorized an increase in the Company’s... Read more of this article
Validus Announces Net Income For 2013
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus for the year ended December 31, 2013 of $532.7 million, or $4.94 per diluted common share, compared to $408.4 million, or $3.99 per diluted common share, for the year ended December 31, 2012. Net operating income available to V alidus for the year ended December 31, 2013 was... Read more of this article
Validus Holdings Ltd. Capitalizes AlphaCat 2014
Bermuda-based Validus Holdings Ltd. has joined with other investors in capitalizing AlphaCat 2014 Ltd, which is a special purpose vehicle formed for the purpose of writing collateralized reinsurance and retrocessional contracts for the 1/1/2014 renewal season. AlphaCat 2014 has been funded with $160 million of equity capital, with third party investors... Read more of this article
Validus Helps Sponsor Overseas India Mission
Validus Holdings helped to sponsor the construction of two homes for those most in need as part of a Bermuda Overseas Missions [BOM] trip to Kerala, India in July this year. Validus’ sponsorship supported BOM’s visit by 39 volunteers, including 24 students, to Idduki, Kerala, India. Kerala is a small state tucked away in the southwest corner of... Read more of this article
Validus Ltd. Share Repurchase Authorisation
Bermuda-based Validus Holdings has authorized an increase in the Company’s common share repurchase authorisation to $500 million. Jeff Sangster, Validus’ Chief Financial Officer, commented, “The increase in Validus’ common share repurchase authorization to $500 million is an affirmation of our commitment to return excess capital to shareholders.... Read more of this article
Validus Declares $0.30 Quarterly Dividend
Bermuda based Validus Holdings 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, 2013 to shareholders and warrant holders of record on December 13, 2013. Related Stories AM Best Affirms Credit Ratings Of Validus Validus... Read more of this article
Validus Reports 2013 Q3 Net Income: $183.4M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $183.4 million, or $1.77 per diluted common share for the three months ended September 30, 2013, compared to $207.3 million, or $2.11 per diluted common share, for the three months ended September 30, 2012. Net income available to Validus for the nine months ended September... Read more of this article
Validus Plans Swiss Underwriting Company
Bermuda-based Validus Holdings, Ltd. today [Sept 26] announced it will establish a Swiss underwriting company, transforming the existing operations of Flagstone Reassurance Suisse S.A. The Company will be renamed pending regulatory approval and will enhance Validus Reinsurance, Ltd.’s global underwriting platform including the establishment of a... Read more of this article
