VALIDUS HOLDINGS, LTD. (NYSE:VR) Files An 8-K Results of Operations and Financial Condition

VALIDUS HOLDINGS, LTD. (NYSE:VR) Files An 8-K Results of Operations and Financial Condition
Item 2.02

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Results of Operations and Financial Condition.

On December 8, 2017, Validus Holdings, Ltd. (“Validus” or the “Company”) issued a press release announcing leadership appointments designed to enhance the development and execution of its global strategy. These leadership appointments reflect an organizational change that results in three new reportable segments for the Company: Reinsurance, Insurance and Asset Management.

For informational purposes only, and to assist in understanding the disclosure impact of the change in reportable segments, the Company has released on its website supplemental financial data containing revised segment information. This information does not constitute a restatement of the Company's previously issued consolidated financial statements.

The change in reportable segments will be reflected in the consolidated financial statements reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2017. All prior periods presented will be reclassified to conform to this new presentation. The change in reportable segments has no impact on the Company's historical consolidated financial positions, results of operations or cash flows as previously reported.

A copy of the Press Release and related Supplemental Financial Data are attached to this Current Report on Form 8-K as Exhibits 99.1 and 99.2, respectively and are incorporated herein by reference.

The information in this Current Report on Form 8-K, including the information set forth in Exhibits99.1 and 99.2, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 2.02

Financial Statements and Exhibits.


Exhibits. The following exhibits are filed herewith:

EX-99.1 2 a20171208-ex991leadershipr.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Validus Holdings,…
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Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market. Validus Re operates primarily through approximately two reinsurance companies, including Validus Reinsurance, Ltd. and Validus Reinsurance (Switzerland) Ltd. (Validus Re Swiss). The AlphaCat segment operates through AlphaCat Managers, Ltd. that leverages the Company’s underwriting and analytical expertise for third party investors.

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