Validus Holdings, Ltd. Announces Sale of Shares By Edward J. Noonan, Validus Group Chairman and Chief Executive Officer
December 12 2016 - 6:09PM
Business Wire
Validus Holdings, Ltd. (the "Company") announced today that the
Company's Chairman and Chief Executive Officer Edward J. Noonan has
sold 273,000 shares of the Company's common stock in open market
transactions for the purpose of satisfying outstanding tax related
obligations due as a result of the exercise of expiring options and
warrants during the 2015 tax year.
Commenting on the sale, Mr. Noonan stated, "Since the founding
of the Company, I have not sold a single share of Validus stock and
it would be my strong preference not to. I have done so now solely
for liquidity purposes in order to pay tax obligations."
About Validus Holdings,
Ltd.
Validus Holdings, Ltd. ("Validus") is a holding company for
reinsurance and insurance operating companies and investment
advisors including Validus Reinsurance, Ltd. (“Validus Re”), Talbot
Underwriting Ltd. (“Talbot”), Western World Insurance Group, Inc.
(“Western World”) and AlphaCat Managers, Ltd. (“AlphaCat”).
Validus Re is a Bermuda based reinsurer focused on treaty
reinsurance. Talbot is a specialty insurance group primarily
operating within the Lloyd's insurance market through Syndicate
1183. Western World is a U.S. specialty lines insurance company
focused on excess and surplus lines. AlphaCat is a Bermuda based
investment adviser managing capital for third parties and Validus
in insurance linked securities and other property catastrophe and
specialty reinsurance investments.
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version on businesswire.com: http://www.businesswire.com/news/home/20161212006242/en/
Investors:Validus Holdings,
Ltd.investor.relations@validusholdings.com+1-441-278-9000orMedia:Brunswick
GroupMustafa Riffat / Charlotte Connerton+1-212-333-3810
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