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Last $46.35 USD
Change Today +0.03 / 0.06%
Volume 446.9K
VR On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

29 Richmond Road

Pembroke, HM 08

Bermuda

Phone: 441-278-9000

Fax: 441-278-9090

Validus Holdings, Ltd. provides reinsurance, insurance, and insurance linked securities management. The company conducts its operations worldwide through four operating segments: Validus Re (Validus Reinsurance, Ltd.); AlphaCat (AlphaCat Managers, Ltd.); Talbot (Talbot Holdings Ltd.); and Western World (Western World Insurance Group, Inc.). Validus Re The Validus Re segment operates as a Bermuda-based provider of short-tail reinsurance products on a global basis. Validus Re concentrates on first-party property and other reinsurance risks commonly referred to as short-tail in nature due to the brief period between the occurrence and payment of a claim. Validus Re is registered as a Class 4 insurer under The Insurance Act 1978 of Bermuda, amendments thereto and related regulations. The company owns Flagstone Reinsurance Holdings, S.A. The primary lines in which Flagstone conducted business were property catastrophe reinsurance, property pro rata and per-risk excess and short-tail specialty and casualty reinsurance, such as aviation, energy, personal accident and health, satellite, marine and workers' compensation catastrophe. The company owns Validus Reinsurance (Switzerland) Ltd (Validus Re Swiss). Validus Re Swiss is based in Zurich, Switzerland. Validus Re Swiss is licensed by the Swiss Financial Market Supervisory Authority, in Switzerland. Validus Re Swiss is also licensed as a permit company in Bermuda under the Companies Act and is registered in Bermuda as a Class 4 insurer under the Insurance Act, operating through its Bermuda branch, which complements its Swiss-based underwriters with a separate Bermuda underwriting platform. Property Validus Re underwrites property catastrophe reinsurance, property per risk reinsurance, and property pro rata reinsurance. Property Catastrophe: Property catastrophe reinsurance provides reinsurance for insurance companies’ exposures to an accumulation of property and related losses from separate policies, relating to natural disasters or other catastrophic events. The company provides protection to an insurer for a portion of the total losses in excess of a specified loss amount, up to a maximum amount per loss specified in the contract. Property catastrophe reinsurance contracts are ‘all risk’ in nature, providing protection against losses from earthquakes and hurricanes, as well as other natural and man-made catastrophes, such as floods, tornadoes, fires, and storms. Property Per Risk: Property per risk reinsurance provides reinsurance for insurance companies’ excess retention on individual property and related risks, such as buildings. Property Pro Rata: Property pro rata contracts require that the reinsurer share the premiums, as well as the losses and loss expenses in an agreed proportion with the cedant. Marine Validus Re underwrites reinsurance on marine risks covering damage to or losses of marine vessels and cargo, third-party liability for marine accidents and physical loss and liability from principally offshore energy properties. Validus Re underwrites marine on an excess of loss basis and on a pro rata basis. Specialty Validus Re underwrites other lines of business depending on an evaluation of pricing and market conditions, which include aerospace and aviation, agriculture, financial, terrorism, life, accident and health, nuclear, workers’ compensation, crisis management, contingency, motor, technical lines and composite lines. AlphaCat This segment manages strategic relationships that utilize the company’s underwriting and investment expertise. This is a core element within the company's strategic initiative to expand into capital market activities by participating in the market for Insurance Linked Securities (ILS). AlphaCat invests in private reinsurance transactions, as well as catastrophe bonds, a common type of ILS issued by insurance and reinsurance companies. AlphaCat leverages the company's extensive business sourcing, underwriting, research and analytic capabilities to construct ILS portfolios subject to prudent risk constraints. AlphaCat investors access this uncorrelated asset class through various funds

 

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