Last $39.11 USD
Change Today +0.21 / 0.54%
Volume 328.5K
VR On Other Exchanges
Symbol
Exchange
Berlin
As of 4:15 PM 08/29/14 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. Segments The company operates through three segments: Validus Reinsurance, Ltd. (Validus Re); AlphaCat Managers, Ltd. (AlphaCat); and Talbot Holdings Ltd. (Talbot). Validus Re segment Validus Re operates as a Bermuda-based provider of short-tail reinsurance products. Validus Re concentrates on first-party property and other reinsurance risks commonly referred to as short-tail in nature due to the relatively 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. 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 segment This segment manages strategic relationships that utilize the company’s underwriting and investment expertise and earns management, performance and underwriting fees. AlphaCat Managers, Ltd. (AlphaCat Managers) 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 helps investors take advantage of this uncorrelated asset class through various funds and sidecars, accessing the market via AlphaCat Reinsurance Ltd., a Bermuda provider of fully collateralized property catastrophe reinsurance and retrocession capacity and AlphaCat Master Fund, a Bermuda investment fund investing in reinsurance-related capital markets transactions. AlphaCat invests in private reinsurance transactions, as well as catastrophe bonds, a common type of ILS issued by insurance and reinsurance companies. AlphaCat utilizes the company's extensive business sourcing, underwriting, research and analytic capabilities to construct ILS portfolios subject to prudent risk constraints. Talbot segment This segment is the Bermuda parent of a specialty insurance group primarily operating within the Lloyd’s insurance market through Syndicate 1183. Talbot writes primarily short-tail lines of business and as a complement to Validus Re, focuses primarily on insurance. In addition, Talbot provides the company with access to the Lloyd’s marketplace where Validus Re does not operate. As a London-based insurer, Talbot also writes the majority of its premiums on risks outside the United States. Property The major sub-classes within

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