We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Validus Holdings, Ltd. (delisted) | NYSE:VR | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 67.99 | 0.00 | 01:00:00 |
From May 2019 to May 2024
A.M. Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Validus Reinsurance, Ltd. (Validus Re) (headquartered in Hamilton, Bermuda), a subsidiary of Validus Holdings, Ltd. (Validus) [NYSE:VR], remain unchanged following the announcement by Validus of its agreement to acquire Crop Risk Services (CRS). The outlook of the FSR is stable, while the outlook of the Long-Term ICR is positive.
Validus announced its agreement to acquire CRS, a general agent specializing in primary crop insurance based in Decatur, Illinois, for $127.5 million in cash. The transaction includes a long-term marketing services agreement with the seller, Archer Daniels Midland Company. The transaction is expected to close in the second quarter of 2017.
As Validus implements its business plan, A.M. Best will monitor the extent to which the change in business mix will alter the company’s risk profile and affect its risk-adjusted returns.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170207006462/en/
A.M. BestSusan Molineux, +1-908-439-2200, ext. 5829Senior Financial Analystsusan.molineux@ambest.comorSteven Chirico, +1-908-439-2200, ext. 5087Directorsteven.chirico@ambest.comorChristopher Sharkey, +1-908-439-2200, ext. 5159Manager, Public Relationschristopher.sharkey@ambest.comorJim Peavy, +1-908-439-2200, ext. 5644Director, Public Relationsjames.peavy@ambest.com
1 Year Validus Holdings, Ltd. (delisted) Chart |
1 Month Validus Holdings, Ltd. (delisted) Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
