Validus Holdings (VR) Releases Preliminary Estimates for April and May Storms

June 23, 2011 4:12 PM EDT
Validus Holdings, Ltd. (NYSE: VR) today provided an initial estimate of combined losses from two severe storms in the United States which took place during April, 2011 and May, 2011, respectively.

Validus expects to record combined loss and loss expenses from these two storms in the range of $55 million to $75 million, net of reinstatement premiums and reinsurance, retrocessional and other recoveries


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