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A.M. Best Affirms Ratings Of Validus Reinsurance, Ltd. And Validus Holdings, Ltd.

Rating factors that could lead to a positive outlook or rating upgrades would be the continuation of Validus Re’s long-term, consistently strong operating profitability relative to its peer group and maintaining strong risk-adjusted capital levels. The rating factors that could lead to a negative outlook or rating downgrades include outsized catastrophe or investment losses relative to the organization’s peer group, unfavorable operating profitability trends and a significant decline in risk-adjusted capital that would not be supportive of the current rating level.

The following debt rating has been affirmed:

Validus Holdings, Ltd.—

-- “bbb” on $250 million 8.875% senior unsecured notes, due January 2040

The following indicative ratings for securities available under the shelf registration have been affirmed:

Validus Holdings, Ltd.—

-- “bbb” on senior unsecured debt

-- “bbb-” on subordinated debt

-- “bb+” on preferred stock

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding Universal BCAR”; “Catastrophe Analysis in A.M. Best Ratings”; “Insurance Holding Company and Debt Ratings”; and “Rating Members of Insurance Groups.” Best’s Credit Rating Methodology can be found at

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Copyright Business Wire 2010
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