Validus Holdings (VR) Sees $378.9M in Net Losses from Q3 Loss Events

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Go back to Validus Holdings (VR) Sees $378.9M in Net Losses from Q3 Loss Events

Validus Holdings, Ltd. Provides Initial Estimate of Net Losses from Third Quarter 2017 Loss Events

October 9, 2017 4:16 PM EDT

PEMBROKE, Bermuda--(BUSINESS WIRE)-- Validus Holdings, Ltd. (Validus or the Company) (NYSE: VR) today provided an initial estimate of Validus net losses from third quarter 2017 loss events. Validus expects to record losses from these events, net of reinsurance, retrocessional recoveries, noncontrolling interest and net impact on premiums earned, in the amount of $378.9 million. This amount is apportioned between events as follows:

    Three Months Ended September 30, 2017 (Amounts in millions of USD) Notable Loss Events (a)   Other Event  

   Total   

Third Quarter 2017 Loss Events    

Hurricane

Harvey

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