Validus Re definition

Validus Re means Validus Reinsurance, Ltd., a company organized under the Laws of Bermuda.
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Validus Re means Validus Reinsurance, Ltd., a company organized under the Laws of Bermuda. “Wholly-Owned Subsidiary” of any Person means any subsidiary of such Person to the extent all of the capital stock or other ownership interests in such subsidiary, other than directors’ or nominees’ qualifying shares, is owned directly or indirectly by such Person. SECTION 1.02.
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Examples of Validus Re in a sentence

  • The Company shall not permit the financial strength rating of Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, to be less than “B++” from A.M. Best Company, Inc.

  • Validus Re is a Bermuda based reinsurer focused on short-tail lines of reinsurance.

  • Net Underwriting Income in $US Millions • Validus Re formed in October 2005 as the first operating subsidiary of Validus Holdings, Ltd.

  • Validus Re Consolidated managed gross premiums written and Talbot Holdings gross premiums written do not.

  • The renewal data above does not include intercompany eliminations between Validus Re and Talbot.

  • Validus Re Consolidated includes the following entities: Validus Reinsurance, Ltd., Validus Ltd., Validus Reinsurance, Ltd.

  • Validus Re Gross Premiums Written and Talbot Gross Premiums Written do not.

  • Net Underwriting Income • Validus Re formed in October 2005 as the first operating subsidiary of Validus Holdings, Ltd.

  • Gross Loss Reserves at December 31, 2013 • Gross reserves for losses and loss expenses of $3.03 billion: – $2.66 billion net of reinsurance • IBNR represents 49.3% of reserves • No notable losses in Q4 2013 • Favorable reserve development during Q4 2013: – Talbot favorable development of $37.0 million – Validus Re adverse development of $3.4 million Favorable Reserve Development Validus Gross Reserve Mix 1) Favorable reserve development is expressed in millions of U.S. Dollars.

  • Validus - $2.3 Billion of Managed Gross Premium Written in 2012 Validus Re and AlphaCat - $1.3 billion Talbot - $1.1 billion a) $2.3 billion consolidated managed gross premiums written reflects $65.8 million of intersegment eliminations.

Related to Validus Re

  • CMBI means Chase Manhattan Bank International, an indirect wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee companies appointed by it.

  • CCC means Customer Care Centre

  • ECC means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Holdco has the meaning set forth in the Preamble.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Group Member Agreement means the partnership agreement of any Group Member, other than the Partnership, that is a limited or general partnership, the limited liability company agreement of any Group Member that is a limited liability company, the certificate of incorporation and bylaws or similar organizational documents of any Group Member that is a corporation, the joint venture agreement or similar governing document of any Group Member that is a joint venture and the governing or organizational or similar documents of any other Group Member that is a Person other than a limited or general partnership, limited liability company, corporation or joint venture, as such may be amended, supplemented or restated from time to time.

  • Bidco means a business and industrial development company licensed under this act. The term includes a business development enterprise.

  • Topco has the meaning set out in the Preamble;

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • ABI means Anheuser-Busch InBev SA/NV, its domestic and foreign parents, predecessors, divisions, subsidiaries, affiliates, partnerships and joint ventures (excluding Crown, and, prior to the completion of the Transaction, Modelo); and all directors, officers, employees, agents, and representatives of the foregoing. The terms “parent,” “subsidiary,” “affiliate,” and “joint venture” refer to any person in which there is majority (greater than 50 percent) or total ownership or control between the company and any other person.

  • IPC means the International Paralympic Committee;

  • EAG clause 35;

  • TDSAT means Telecom Dispute Settlement and Appellate Tribunal, New Delhi.

  • Monte Titoli means Monte Titoli S.p.A.

  • EPG means electronic program guide maintained by a DPO on its Digital Distribution Platform which lists the television channels and programs, and scheduling and programming information therein and includes any enhanced electronic guide that allows Subscribers to navigate and select such available channels and programs.

  • CCR means the California Code of Regulations.

  • IOSCO means the International Organisation of Securities Commissions.

  • CSDCC means the China Securities Depository and Clearing Co., Ltd. “CSRC” means the China Securities Regulatory Commission.

  • SoftBank means Softbank Group Corp.

  • FSP means a Financial Services Provider.