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Validus issues $250m of senior bonds

21 January 2010

Validus Holdings, the Bermudian reinsurer and insurer, has issued $250m of senior bonds according to IFR, the Thompson Reuters service.

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Validus Holdings, the Bermudian reinsurer and insurer, has issued $250m of senior bonds according to IFR, the Thompson Reuters service.

Yesterday Moody’s Investors Service and Standard & Poor’s assigned Baa2 and BBB- ratings, respectively, to the proposed 30-year senior unsecured debt issuance.

In addition, Standard...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield