Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance
segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd's insurance market through Syndicate 1183. The Talbot segment is focused on a range of marine and energy, political lines, commercial property, financial lines, contingency, accident and health and aviation classes of business. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market. AlphaCat is a Bermuda-based investment advisor, managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
October 19, 2005
Edward NoonanChairman of the Board, Chief Executive Officer
Jeffrey SangsterChief Financial Officer, Executive Vice President
C. N. AtkinChief Executive Officer - Talbot Underwriting Limited.
Net income declined by 87.97%, year over year, to (U.S.)$0.10 per share during the most recently completed quarter. However, this was among the strongest results reported by any company in this industry.