Validus to raise $250m through share offering
Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million.
Validus intends to use the net proceeds from the offering for general corporate purposes, according to a June 12 statement.
The offering is expected to close on June 20, 2017, subject to customary closing conditions.
Today’s stories
The Hartford names new chief risk officer succeeding Rupp
WR Berkley sets up two Mexican companies; names heads
Peak Re gets green light to set up Labuan branch in Malaysia
Loppnow returns to Lockton P&C from Willis Towers Watson
US commercial insurance prices stagnate
Chubb expands terrorism and war capacity by 50%
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
