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Validus Q4 net income drops almost 75%

03 February 2012

The Bermudian reinsurer has announced Q4 results, including net income of $27.3m, a steep drop from 2010's figures.

Read more: Validus Q4 Financial Results Ed Noonan

Validus has seen its income for the fourth quarter of 2011 plummet, according to its latest financial results.

The Bermudian group's net income dropped almost 75% to $27.3m from a figure of $102.7m in the final three months of 2010.

Net income for the year was similarly impacted, with Validus reporting a total of $21.3m for the twelve months period representing...


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