Validus Raises $404.4 Million in Capital For Insurance Wagers
Stock Chart for Validus Holdings Ltd (VR)
Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said an investment advisory subsidiary raised $404.4 million of third- party capital.
The funds will be used for investment in collateralized coverage and insurance-linked securities, Bermuda-based Validus said today in a statement distributed by Business Wire.
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