Validus Reinsurance News

Reinsurers Hope Profitability Party Will Last – But All Good Things Must End

Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a reinsurance environment that has effectively returned to the pre-soft market state of providing capital protection rather than earnings protection for …

Validus Names Driscoll as President; Keeps Role as Validus Re’s CEO

Bermuda-based Validus Holdings Ltd. announced that Kean Driscoll has been named president of the group, effective immediately. Driscoll will continue to serve as chief executive officer of Validus Reinsurance Ltd., a position he has held since 2012. Driscoll was a …

Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014

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 …