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VALIDUS HOLDINGS LTD

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Jul 27, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Underwrites property and specialty reinsurance for insurers, sells specialty and property insurance to commercial customers, and manages investment funds for third parties.

Who Were Their Customers?

Insurers and commercial businesses buy insurance and reinsurance, mostly through brokers; some treaty and facultative reinsurance is written directly, and business also comes through coverholders.

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Jun 30, 2018
Revenue
▲ +9%
vs $697.3M in Q2 FY2017
Net income
▼ Now a loss
vs $103.3M in Q2 FY2017
  • Jul 18, 2018 AIG completed its acquisition of Validus Common shares were converted into the right to receive $68.00 in cash per share, and Validus became a wholly owned AIG subsidiary.

Broader investment focus The asset management business is described as investing in property catastrophe reinsurance and also in specialty reinsurance investments.

Who Did They Compete With?

Competes with Alleghany, Arch Capital Group, Argo Group International Holdings, Aspen Insurance Holdings, AXIS Capital Holdings, Everest Re Group, RenaissanceRe Holdings, XL Group, MS Amlin, Beazley, Brit, Hiscox, Scottsdale Insurance, Burlington Insurance, Nautilus Insurance, Essex Insurance, Penn-America Group, Colony Specialty Insurance, and RSUI Group

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