Validus

Bermuda located insurance, reinsurance and third-party reinsurance capital management group Validus Holdings announced its first-quarter 2013 results yesterday. As one of the largest re/insurers which has a capital markets division and has been actively managing third-party capital for some time, it is always interesting to see how the segments of its business which touch on […]

Bermuda based insurance and reinsurance group Validus Holdings announced 2012 full year net income of $408.4m and a fourth-quarter 2012 net loss of $90.7m last Thursday. The group held an earnings call and some interesting comments on the growing third-party and institutional capital management side of its business were discussed. It’s clear that Validus see […]

Bermuda based insurance and reinsurance group Validus Holdings has announced the successful raising of $404.4m of capital, largely from third-party investor sources, by its investment and asset management subsidiary AlphaCat Managers Ltd. The third-party capital injection is to be put to be invested in collateralized reinsurance and insurance-linked securities (ILS) by capitalising a new sidecar […]

Not strictly on-topic for Artemis, but no doubt of great interest to our readers, major buy-outs and mergers in the reinsurance sector are big news as they allow for the movement of capital around the sector and are the end-goal of many investors who commit capital to the reinsurance space. So the news today that […]

Bermuda based reinsurance group Validus Holdings which has a number of sidecar and ventures, has announced its second quarter results and revealed mixed success in their sidecar segment. Validus launched a Bermuda Class 4 reinsurer PαCRe, Ltd. in a joint-venture with John Paulson and his Paulson & Co. hedge fund in April and in June […]

Validus Holdings Ltd. are the second Bermuda based reinsurance group to announce the launch of a new sidecar vehicle for the 2012 hurricane season, see our earlier article on RenaissanceRe’s launch of Timicuan Re III here. Validus have announced the formation and launch of the latest in their AlphaCat sidecar series, AlphaCat Re 2012 Ltd. […]

Bermuda based Validus Holdings has joined forces with U.S. hedge fund manager John Paulson and his Paulson & Co. hedge fund to launch a new Bermudian Class 4 reinsurer called PαCRe, Ltd. PαCRe, Ltd. will have an initial capitalisation of $500m to write reinsurance and launches in time for the 1st June mid-year renewals. PαCRe, […]

Validus Holdings, a Bermuda based reinsurer, has announced the launch of a new special purpose sidecar reinsurer called AlphaCat Re 2011 Ltd. The sidecar has been set up to write collateralized reinsurance and retrocessional reinsurance, areas of opportunity in the market at the moment post-Japan and the other catastrophe losses experienced this year.