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An insurance linked securities investment firm has promoted accountant Jo Anne Stanton to senior vice-president and chief financial officer. AlphaCat Managers, part of the Validus group of companies, announced the new appointment yesterday. CEO Lixin...

Validus Holdings said it made a profit of $183.4 million, or $1.77 per diluted common share for the three months ended September 30, compared to $207.3 million, or $2.11 per diluted common share last year. The re/insurer said net operating income for...

Randall & Quilter, which recently redomiciled to Bermuda, has bought run-off re/insurer Flagstone Alliance Insurance and Reinsurance (FAIR) from Validus Group for $24.1 million at a 15 percent discount to net asset value. Flagstone Re acquired a sta...

Validus Holdings said last night it posted second-quarter net income of $30.7 million, compared to $167.6 million for the three months ended June 30, 2012 — a decrease of $136.9 million, or 81.7 percent. Validus' chairman and CEO Ed Noonan stated: “I...

A Credit Suisse analyst says property catastrophe reinsurers face increasing pressure from the growth of the ILS (insurance linked securities) and third-party capital market. Michael Zaremski said Bermuda’s Validus Holdings is seen as particularly th...

Validus Holdings Ltd last night posted a record first quarter profit, easily beating Wall Street expectations. Bermuda-based reinsurer reported a net income of $223.2 million, or $1.90 per common share for the three months ending on March 31, 2013 c...

Bermuda reinsurer Validus Holdings Ltd will pay its shareholders a $2 per share special dividend at the end of this month. The company’s board of directors also decided to raise Validus’ regular quarterly dividend by 20 percent to 30 cents per share....

Ratings firm AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Validus Re. Additionally, AM Best has affirmed the ICR of “bbb” and debt ratings of the Bermuda-based parent comp...