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Reserve releases help boost Validus result
05 November 2009
Bermudian reinsurer Validus Holdings has reported net income of $499m in the third quarter, compared with a net loss of $126m for the same period last year.
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Bermudian reinsurer Validus Holdings has reported net income of $499m in the third quarter, compared with a net loss of $126m for the same period last year.
Net income for the first nine months was $732m, compared with $16m for the first nine months of last year.
Gross written premiums for the...
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