validus holdings ltd (VR) Key Developments
Validus Holdings, Ltd. Announces Appointment of Dr. Therese M. Vaughan to its Board of Directors
May 1 13
Validus Holdings, Ltd. announced that Dr. Therese (Terri) M. Vaughan, former Chief Executive Officer of the National Association of Insurance Commissioners (NAIC), has been appointed to the company's Board of Directors, effective immediately. The appointment will expand Validus' Board to twelve members. Previously, Dr. Vaughan served as the Iowa Insurance Commissioner and is a past NAIC President. She has also held academic positions, including the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University, and co-authored two college textbooks on insurance.
Validus Holdings, Ltd. Declares Quarterly Dividend Payable on June 28, 2013
May 1 13
Validus Holdings, Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.30 per common share and $0.30 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on June 28, 2013 to shareholders and warrant holders of record on June 14, 2013.
Validus Holdings, Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2013
Apr 25 13
Validus Holdings, Ltd. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net premiums written of $917.544 million compared to $730.237 million a year ago. Net premiums earned were $531.061 million compared to $451.199 million a year ago. Net operating income was $217.811 million compared to $92.865 million a year ago. Net income available to the company was $223.243 million or $1.90 per diluted share compared to $124.234 million or $1.18 per diluted share a year ago. Net operating income available to the company, adjusted was $201.154 million or $1.83 per diluted share compared to $91.136 million or $0.88 per diluted share a year ago. Annualized net operating return on average equity was 21.8% compared to 10.6% a year ago. Diluted book value per common share at March 31, 2013 was $34.79. Diluted book value per common share plus accumulated dividends at March 31, 2013 was $41.57.
Validus Holdings, Ltd., Annual General Meeting, May 01, 2013
Mar 20 13
Validus Holdings, Ltd., Annual General Meeting, May 01, 2013., at 08:00 Atlantic Daylight. Location: at The AIG Building, 29 Richmond Road. Agenda: To elect four class III directors to hold office until 2016; to approve, by a non-binding advisory vote, the executive compensation payable to the company's named executive officers; to approve the selection of PricewaterhouseCoopers to act as the independent registered public accounting firm of the company for the year ending December 31, 2013; and to consider to transact such other business as may properly come before the meeting or any adjournments thereof.
Validus Holdings, Ltd. to Report Q1, 2013 Results on Apr 25, 2013
Mar 7 13
Validus Holdings, Ltd. announced that they will report Q1, 2013 results at 5:00 PM, SA Western Standard Time on Apr 25, 2013