Validus Holdings News

Validus Reports $153.4 Million Q2 Net Income; $315.8 Million 1st Six Months

Bermuda-based Validus Holdings, Ltd. 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 …

Validus to Buy Western World Insurance for $690M

Validus Holdings said it has agreed to acquire specialty insurer Western World Insurance Group for $690 million in a deal that leaves the management team and brand of the specialty insurer intact. Under the deal terms, Western World’s owners will …

Ratings Recap: AEGIS, Lloyd’s Syndicate 1225, PaCRe

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and has revised its outlook on both …

Validus Reports Q1 Net Income of $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 …

Best Affirms Validus Re Swiss, Bermuda & Holdings Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Validus Reinsurance, Ltd., (Validus Re – Bermuda) and Validus Reinsurance (Switzerland) Ltd. (VRS), as well as the ICR of “bbb” and …

Validus Initial Estimate of Sandy Impact is $331.1 Million

Bermuda-based Validus Holdings, Ltd. announced that its initial estimate of the net negative financial impact from Hurricane Sandy is $331.1 million. The bulletin explained that the figure is “net of reinstatement premiums and reinsurance, retrocessional and other recoveries.” It is …

Best Removes Flagstone Re from Review; Affirms Ratings

A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A., based in Martigny, Switzerland, and Flagstone Alliance Insurance …

More Earnings Reports: Validus Holdings, Montpelier Re

Selected earnings highlights from Bermuda-based Validus Holdings Ltd. for the second quarter and the first six months of 2012 are as follows:                                                              Q2 2012                Q2   2011           Gross premiums written ————    $627.089 mn         $605.387 mn Net premiums written  —————   $508.037 …

Earnings Reports: Validus Holdings, AXIS Capital

Selected earnings highlights from Validus Holdings for the first quarter of 2012 are as follows:                                                               Q1 2012         Q1   2011           Gross premiums written ————       $837.299 mn   $849.89 mn Net premiums written  —————      $730.24 mn     $740.07 mn Net premiums earned  ————–        $451.2 …

Earnings Reports: Validus Holdings

                                                Q4 2011         Q4   2010           Gross premiums written -$278.28 mn    $258.7 mn Full year  -  2011         2010               $2.1247 bn    $1.99 bn Net premiums earned  — $488.35 mn      $432.8 mn   Full year – 2011           2010               $1.802 bn  $1.761 bn       …