Validus is acquired by AIG.

Kean Driscoll Named President of Validus Holdings, Ltd.

Kean Driscoll was appointed President of Validus Group and Chief Executive Officer of Validus Reinsurance, Ltd. He was a founding member of the Company, and previously served as Chief Underwriting Officer. Mr. Driscoll holds a B.A. in Literature from Colgate University and an M.B.A. from Columbia University, where he graduated with Honors.

Validus Specialty

Validus Specialty was formed in February 2017. Headquartered in New York, Validus Specialty leverages the underwriting expertise, risk appetite and balance sheet capacity of Talbot Underwriting and Western World Insurance Group, and provides clients with a complete suite of specialty insurance solutions for brokerage risks as well as program portfolios.

Crop Risk Services

Validus Holdings Announces Agreement with Archer Daniels Midland to Acquire ADM Crop Risk Services Business. The acquisition completed in May 2017.

Western World move to a new office

After over 20 years in its previous location in northern New Jersey, Western World relocated to 300 Kimball Drive, Parsippany, New Jersey on June 10, 2016. The new location offers Western World and its clients' easier access to New York metro-area airports, a dynamic recruiting area, and the opportunity to upgrade to a Class A, green building with a state-of-the-art working environment for its staff.

Validus Re and Talbot LATAM Miami move to a new office

The Miami office upgraded to a new Class A building with state of the art technology and LEED certification at 600 Brickell Ave. The relocation from our original Coconut Grove office to Miami’s Financial District was completed in April 2016. The new office will better accommodate the expanding operations of Validus Re and Talbot’s Latin American operations, provide employees with state of the art working environment, and facilitate easier access to our clients.

Peter Bilsby appointed CEO of Talbot

Following the retirement of Rupert Atkin in February 2016, Peter Bilsby, Managing Director of Talbot, accepts the role of CEO. Peter joined Talbot in 2009, as Head of Global Aerospace and was appointed to the Board of Talbot in April 2010. He assumed leadership of the business in March 2016, to continue to drive profitable growth and performance across Talbot’s global offices.

Rupert Atkin assumes role of Chairman of Talbot

Rupert Atkin retires as Chief Executive Officer of Talbot. Rupert launched Talbot Syndicate 1183 in 1991 and was appointed CEO of Talbot following the sale to Validus in 2007. Through Rupert’s leadership Talbot has seen continued growth, and been instrumental in building a fantastic platform for continued growth and success. Following his retirement, Rupert assumed the role of Chairman. Michael Carpenter previously held the position of Chairman, and remains as a Non-Executive Director.

10 years

Validus celebrates 10 years of excellence and innovation.

Talbot in Sydney, Australia

Building upon the success from its operations in Singapore, Talbot expands and launches a local office in Sydney, Australia, offering products available from Talbot’s managed syndicate 1183.

Validus opens its Boston office

Validus opens its Boston office, bringing a Property Brokerage capability to the Group, and written in partnership with Western World.

Validus Re Chile is rebranded

Validus Re Chile is rebranded as Talbot Underwriting LATAM.

Western World Insurance Group

The Group adds a strategically important platform to the overall portfolio, U.S.-based insurance company Western World Insurance Group. The acquisition expands Validus’ capability of servicing U.S. customers through a pioneering surplus lines insurer. With a 50-year history of profitability and growth, Western World gives the Group an exciting opportunity to continue growing in the largest insurance market in the world.

Repurchased approximately 59.6 million common shares

Repurchased approximately 59.6 million common shares for an aggregate purchase price of £1,821.1 million and paying an aggregate amount of $830.3 million in dividends from formation.

Raised £138.0 million

Raised £138.0 million of third party capital for AlphaCat 2014, Ltd.

Delivered a 12.7% compounded annual growth

Delivered a 12.7% compounded annual growth in book value per diluted common share plus accumulated dividends from formation.

Validus RE expands its presence in Europe

Validus RE expands its presence in Europe with the launch of an insurance company in Switzerland, transforming the operations acquired through the Flagstone transaction. With operations on the ground in these locations, the reinsurance teams have been able to work more closely with customers in their respective markets, and provide the products that they need.

Acquisition of Longhorn Re

Validus Re expands its agricultural reinsurance business with the acquisition of Longhorn Re, as well as adding a deeply experienced team. This provides opportunity to create a leading position in this segment predicated on our deep analytics and expertise in weather-related risk, but with potential to export our U.S. based product knowledge to the emerging markets.

Raised £43.5 million

Raised £43.5 million of third party capital for PacRe Ltd, a Class 4 Bermuda reinsurer.

Increased the annual dividend by 20%

Increased the annual dividend by 20% from $1.00 to $1.20 per common share and per common share equivalent and declaring a $2.00 special dividend per common share and per common share equivalent.

Raised 292.2 million

Raised 292.2 million of third party capital for AlphaCat Insurance Linked Securities funds.

Raised $185.0 million

Raised $185.0 million of third party capital for AlphaCat 2013, Ltd.

Integration of Flagstone Re

Validus completes its third successful acquisition with the integration of Flagstone Re, cementing its position as one of the largest reinsurers of catastrophe risk in the world.

Hurricane Sandy

Hurricane Sandy is one of the costliest U.S. land falling hurricanes in history with an industry-wide loss in excess of $25 billion. Validus again reports positive net income due to superior underwriting and risk management.

Raised £43.5 million

Raised £43.5 million of third party capital for AlphaCat Re 2012, Ltd

Raised £450.0 million

Raised £450.0 million of third party capital for PacRe Ltd, a Class 4 Bermuda reinsurer.

Raised further $60.0million

Raised further $60.0million of additional third party capital for AlphaCat Re 2001, Ltd

Raised £135.0 million

Raised £135.0 million of third party initial capital for AlphaCat Re 2001, Ltd

Excellent rating

The financial strength of Validus Re was recognized with an upgrade of the company’s rating to A (“Excellent”) by A.M. Best.

A catastrophic year

2011 was a catastrophic year. Floods in Australia; a massive earthquake in New Zealand; a tsunami in Japan; an active windstorm season in North America; and Thailand’s floods. The industry’s costliest year on record in terms of natural-disasters, and a very good test of a company’s underwriting and risk management capabilities. As one of the few companies to report a positive net income for the year, Validus passed this test, clearly demonstrating our underwriting acumen and high degree of focus on risk management.

Extraordinary losses in our largest classes of risk

2010 was a year of extraordinary losses in our largest classes of risk. The Chilean Earthquake was the costliest loss outside of the United States in the history of the reinsurance market. The explosion of the Deepwater Horizon oil rig was among the most expensive losses to ever occur in the global energy (re)insurance market. Validus is a global leader in each of these classes, however, the breadth of diversification we have built into our business allowed us to continue to produce solid underwriter profits and strong growth, and continue to make significant investment in our geoscience research and risk analysis team.

Validus Group acquired Bermuda-based reinsurance company IPC Re

Validus Group acquired Bermuda-based reinsurance company IPC Re, the Group’s second successful acquisition, strengthening the Validus Re business and solidifying our position as a leading underwriter in the short-tail insurance and reinsurance markets globally.

Validus Re Chile is launched in Santiago

Validus Re Chile is launched in Santiago as a Lloyd's coverholder for Syndicate 1183.

Talbot is launched in Dubai

Talbot continues to expand with its launch in Dubai, initially as a joint venture and then as a standalone subsidiary. The office has grown substantially since its launch, and is a key supporter for the Lloyd’s expansion into the MENA region.

Validus Re in Singapore

Validus Re launches a representative office in Singapore. Employing a team with years of experience working in the region, the office demonstrates the company’s commitment to the Asia-Pacific reinsurance market.

Talbot grew its Global Technical Lines Division

Strengthening its underwriting expertise, Talbot grew its Global Technical Lines Division with the appointment of a team of specialist underwriters across the globe. Headquartered out of a newly established office in New York, the team added underwriting expertise in both London and Singapore. Since its establishment in 2009, the New York office has expanded the lines of business supported directly in the office and through its status as a Lloyd’s coverholder.

Validus Reaseguros is launched

Validus Reaseguros is launched. Based in Miami, Florida, the company was formed to target Treaty and Facultative reinsurance in the Latin American and Caribbean markets. Since its launch, Validus Reaseguros has seen rapid premium growth and expanded operations in Miami. Today Validus Reaseguros is responsible for Latin American and Caribbean Treaty business and Talbot Underwriting LATAM is responsible for Facultative business.

Talbot Singapore office is the first launch of the year

Talbot Singapore office is the first launch of the year, representing an essential step in bringing the expertise from London to this hugely important market. The Singapore office has been a great success since its launch, and has been a model for all subsequent Talbot expansion.

AlphaCat Managers is launched

AlphaCat Managers is launched, a strategic initiative to expand into capital market activities by participating in the market for Insurance Linked Securities (ILS). AlphaCat makes full use of the excellent research and analytic capabilities provided by Validus Research, as well as having access to underwriting expertise around the Group, to construct ILS portfolios subject to prudent risk constraints.

Talbot Underwriting

Validus acquires Talbot Underwriting in a strategically important step to increase diversification and add a leading Lloyd’s platform to the Group’s business operations.

New York Stock Exchange

At the end of July 2007 Validus became a public company listed under VR on the New York Stock Exchange.

Validus Capital Allocation and Pricing System

Began developing Validus Capital Allocation and Pricing System, a proprietary computer based system for modelling, pricing, allocating capital and analysing catastrophe-exposed risks.

Industry leading risk analytics team

Validus established an industry leading risk analytics team that comprised over 40 experts, many of whom have PhDs and Master’s degrees in relevant fields, now known as Validus Research Inc.

Gross Written Premiums

Gross Written Premiums for January 2006 renewal season hits $217.4m

$1.0 billion

Validus launched with $1.0 billion of initial equity capital.

Hurricane Katrina

Hurricane Katrina impacts the United States, becoming the costliest natural disaster in the country’s history, with total property damage around $108 billion. The nature and scale of the event shifts the market and creates an opportunity for skilled underwriters and research scientists to establish a leading company providing short-tail catastrophe reinsurance.