Q3 net profits at Validus Holdings plunged 76 percent to $56.5mn as cat losses, investment writedowns, foreign exchange losses and the cost of its pursuit of Transatlantic Re hit the Bermudian reinsurer's bottom line.
Q3 net profits at Validus Holdings plunged 76 percent to $56.5mn as cat losses, investment writedowns, foreign exchange losses and the cost of its pursuit of Transatlantic Re hit the Bermudian reinsurer's bottom line.