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RenaissanceRe seals takeover of Validus last year and its performance has “outperformed initial expectations against every relevant metric”

Credit ratings agency also affirms financial strength rating and long-term issuer credit ratings

The cover will likely be effective when the Validus-RenaisaanceRe deal is concluded, according to a statement

Industry veteran Sven Wehmeyer has been promoted to the position of executive vice president, head of international, at Bermudian-based Validus Re, the reinsurance arm of AIG. The appointment was effective June 1. Based in Bermuda, Mr Wehmeyer will a...

Halle Teart has been named the 2019 Validus Scholar. She is entering her sophomore year at Johns Hopkins University, studying sociology and Africana studies. The scholarship programme provides financial support to Bermudian students aimed at cultivat...

Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group. He takes over from Kean Driscoll, who has been appointed AIG’s global chief underwriting officer for property a...

Bermudian-based Validus is celebrating the tenth anniversary of its student programme, and a number of former students who now work at the firm have spoken about how the programme helped them achieve their goals. Validus said the programme takes an h...

American International Group Inc has completed its acquisition of Bermudian-based Validus Holdings Ltd. The deal was first announced in January and has now close following receipt of regulatory approvals and approval of Validus shareholders. Brian D...

Validus Specialty Underwriting Services has launched a new product to cover cyber-risk. The stand-alone product from the US subsidiary of Bermudian-based Validus Holdings is focused on privacy and network protection coverage, the company said today....

Bermudian reinsurer Validus Holdings reported a net loss of $8.7 million for the fourth quarter of last year, as wildfires in California racked up more than $120 million in losses. Validus, which last month announced it had struck a $5.6 billion deal...

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...