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Bermuda-based reinsurer Validus Holdings Ltd last night posted net operating earnings of $170.6 million that easily beat the expectations of Wall Street analysts. The company benefited from the absence of notable loss events, as it recorded net incom...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a deal valued at $623.2 million. The two companies expect the deal to close in the fourth quarter of this year and the combined company will maintain Validus’s name, headquarter...

Bermuda reinsurer Validus Holdings Ltd has agreed to buy Flagstone Re in a $623.2 million deal. The transaction provides Flagstone shareholders with a 19.4 percent premium over yesterday's closing share price, and is valued at $8.43 of value per Flag...

Ratings firm S&P raised the financial strength rating of Bermuda-based Validus Reinsurance Ltd to ‘A’ from ‘A-’ and their counterparty credit rating on its holding company, Validus Holdings Ltd, to ‘BBB+’ from ‘BBB’. The outlook is stable. According ...

The CEO of one of the Island’s largest reinsurance companies says they “are firing on all cylinders” and are here to stay in Bermuda. In a one-on-one interview with The Royal Gazette, Validus Holdings CEO Ed Noonan said that each of the company’s bu...

Bermuda-based reinsurer Validus Holdings Ltd last night posted record net operating earnings of $171.2 million that beat the expectations of Wall Street analysts by more than 25 percent. The company benefited from the absence of notable loss events, ...

Validus Holdings Ltd has spent more than $200 million buying back some 6.4 million of its own shares as the result of a “modified Dutch auction” tender offer. The Bermuda reinsurer agreed to pay $32 apiece for the shares for a total cost of $204.3 mi...

Validus Holdings Ltd is the second Bermuda-based reinsurance group in a matter of days to announce the launch of a new sidecar for the 2012 hurricane season. RenaissanceRe last Friday announced the formation of its sidecar, Timicuan Re III. Now Vali...

After weeks of rumour and speculation, Validus Re has confirmed that Conan Ward has resigned as the company’s CEO and will leave the company altogether on February 1 of next year. The Bermuda reinsurer confirmed yesterday morning that Mr Ward has re...