Record second quarter boosts Validus 1H net income of $291.9m
Bermudian carrier Validus has posted net income of $291.9m for the first six months of this year, turning around last year’s catastrophe-affected loss of $62.5m, as its financials were bolstered by a strong second quarter, which included details of its two new ventures – PaCRe and AlphaCat Re 2012 for the first time.