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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 ...

Bermudian reinsurer Validus Holdings Ltd said yesterday that its top executive had sold 273,000 shares of the company on the open market. Ed Noonan, chairman and chief executive officer of Validus, sold the stock to satisfy outstanding tax-related ob...

An exploding space rocket cost Validus Holdings $19 million in losses during the third-quarter, but the company still increased its profit to $89.8 million, a rise of about $23 million year-on-year. A SpaceX Falcon-9 rocket that blew up while undergo...

Bermudian student Kyra Hodsoll has won this year’s scholarship from insurance and reinsurance firm Validus. Ms Hodsoll, a second year summer student at Validus, is studying at Kingston University in England. Ed Noonan, Validus chairman, said: “After ...

Bermudian-based Validus Holdings’s second-quarter net income was $95 million, up from $65.8 million in the same period last year. Net operating income per diluted common share was 66 cents, missing the 74 cents consensus forecast of analysts tracked...

Validus Holdings’ second-quarter losses from extraordinary events were $60 million, led by costs from wildfires in Canada, the company has stated. The wildfires, which were centred on the Fort McMurray region of Alberta, resulted in an estimated net ...

Validus Group’s first-quarter profit was $166.8 million, a fall of 3.8 per cent compared to the same period in 2015. However, year-on-year there was no change in the $1.98 net earnings per common share available to Validus. The group bought back 1.4 ...

The Bermuda reinsurer set up by John Paulson, the American hedge fund manager, appears to be no longer writing reinsurance coverage. The news came out last night in a statement from Bermuda reinsurer Validus Holdings, which said its third-party capit...

Insurance and reinsurance firm Validus Holdings posted operating earnings of $73.6 million in the third quarter of the year, the company announced yesterday. Validus’ net operating income was 86 cents per share, beating the 78 cents per share expecta...

Reinsurance group Validus Holdings faces a near-$64 million estimated bill for two natural disasters in China and Chile. The Chilean earthquake last month and the massive explosion in China’s Tianjin in August has cost the company’s Validus Re and Ta...

Validus Holdings Ltd took a $48 million hit from claims related to an oil rig explosion that left four people dead, the Bermuda reinsurer revealed last night. The platform, which was owned by Mexican state-run oil company Pemex, burst into flames in ...