Validus To Pay Special Dividend of $2, Boost Quarterly Payout

Jan. 9 (Bloomberg) -- Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said it will pay a special dividend of $2 per share and increase its quarterly payout by 20 percent to 30 cents.

The reinsurer also authorized the repurchase of $500 million in shares, according to a Business Wire statement today from Bermuda-based Validus.

To contact the reporter on this story: Elizabeth Bunn in New York at Ebunn11@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net