Validus Holdings, Ltd.
Validus Holdings, Ltd. (NYSE: VR) is a Bermuda-based holding company formed in December 2005 to respond to the imbalance between supply and demand for short-tail reinsurance that resulted from the unprecedented catastrophic activity of 2004 and 2005. Through Validus Re, a newly-formed Bermuda Class 4 reinsurance company, the company writes property catastrophe, per risk, marine and energy, retrocession and other specialty short-tail lines of business. In addition to New Mountain, sponsoring investors in Validus include Aquiline Capital Partners, Goldman Sachs Capital Partners, Vestar Capital Partners, and Merrill Lynch Global Private Equity.
In July 2007 Validus completed its initial public offering on the New York Stock Exchange and is traded under the symbol “VR”.