Validus posts strong Q3 operating profits of $170mn
Validus became the latest US/Bermudian (re)insurer to beat Wall Street expectations as it posted operating profits of $170.6mn, or $1.74 a share, compared to $112.6mn or $1.09 a share in the prior-year period.
They were also well ahead of the $1.33 a share consensus forecasts of Wall Street equity analysts.
The reinsurer - which is poised to become the largest provider of property catastrophe reinsurance in Bermuda once its acquisition of Flagstone Re completes later this year - also revealed...
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