A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Validus Reinsurance, Ltd. (Validus Re), as well as the ICR of “bbb-” of Bermuda’s Validus Holdings, Ltd. Best also removed all of the ratings from under review with negative implications and assigned a stable outlook. “These rating actions follow Validus’ closing of the acquisition of Talbot Holdings, which took place on July 2, 2007, as well as Validus’ completion of its capital raising initiatives, which were necessary to support the risk-adjusted capital position of the company, said Best. The Company has raised over $545 million from an initial public offering of common stock and the issuance of hybrid junior subordinated deferrable debentures.
Was this article valuable?
Here are more articles you may enjoy.
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
Insurance Regulators Defend State-Led Model in Reply to Warren 
Gemini Hacked Three Companies in First Known Breakout by Google’s AI 
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
