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Validus Holdings is likely to operate much as it does now after it is taken over by American International Group in a $5.56 billion deal expected to close later this year. Brian Duperreault, AIG’s chief executive officer, said in a conference call wi...

American International Group has agreed to buy Bermudian reinsurer Validus Holdings in a deal worth $5.56 billion. The US company’s offer of $68 per share represents a 45.5 per cent premium to Validus’s closing stock price on Friday. AIG said the dea...

This joint op-ed from the senior executives at American International Group and Validus Holdings comes after the announcement today that US insurer AIG has agreed to buy Bermudian-based Validus in a deal worth $5.56 billion. Today we announced that...

Bermudian reinsurance firm Validus Holdings is sponsoring a $400 million catastrophe bond issuance. The issuance will be made through the newly formed Bermuda special purpose insurer Tailwind Re Ltd in the form of three tranches with varying levels o...

Validus Holdings Ltd posted a third-quarter net loss of more than a quarter of a billion dollars, driven by heavy catastrophe losses. However, chairman and chief executive officer Ed Noonan said the hit could have been worse, but for the high quality...

Island-based investment adviser AlphaCat yesterday announced Bernard Van der Stichele as its new portfolio manager. Mr Van der Stichele joins AlphaCat, part of Validus Holdings, from AQR Capital Management. Lixin Zeng, chief executive officer of Alph...

Kean Driscoll, the CEO of reinsurer Validus Re, has been appointed president of parent Validus Holdings. Mr Driscoll will continue as CEO at Validus Re, a position he has held for five years. Ed Noonan, chairman and CEO of Validus Holdings, said, “Ke...

Reinsurance firm Validus reported profits of $94.6 million for the first quarter of the year. The figure, equal to $1.17 per common share, was $72.2 million down on the $166.8 million recorded for the same period last year, equivalent to $1.98 per sh...

Bermuda College has formalised its public-private partnership with Validus Re which is opening up opportunities for students to enter the IT field for reinsurance companies. The firm has been offering internships at the college for about two years a...

The first catastrophe bond to be sponsored by a Brazilian company has been issued in partnership with the insurance-linked securities arm of Bermudian reinsurer Validus Holdings. AlphaCat Managers Ltd teamed up with Terra Brasis Resseguros SA to comp...

Bermudian reinsurer Validus Holdings Ltd’s fourth-quarter net income plummeted to $7.8 million, down from $69 million in the same period last year, as it dealt with losses from Hurricane Matthew and an earthquake in New Zealand. The group’s net incom...

Island-based Validus Holdings has splashed out $127.5 million to buy up a US specialist crop insurer. The firm and American Archer Daniels Midland Company have struck a deal for Validus to take over its Crop Risk Services arm, based in Illinois. CRS ...