Validus reports loss of $118.4m in Q1
Validus Holdings has reported a net loss of $118.4m, or ($0.95 per diluted common share) for the three months ended 31 March 2010, compared with net income of $94.9m, or $1.20 per diluted common share, for the three months ended 31 March 2009.
The reinsurer's net operating loss for the three months was $136.4m compared with net operating income of $100.4m for Q1 2009.
Net operating loss for the quarter was $136.4m compared to net operating
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