Validus Holdings, Ltd. provides reinsurance and insurance coverage in the property, marine and specialty lines markets, and insurance coverage. The Company conducts its operations worldwide through two wholly owned subsidiaries, Validus Reinsurance, Ltd. (Validus Re) and Talbot Holdings Ltd. (Talbot). Validus Re, the Company’s principal reinsurance operating subsidiary, operates as a Bermuda-based provider of short-tail reinsurance products on a global basis. Validus Re concentrates on first-party risks. Talbot a specialty insurance group primarily operating within the Lloyd’s of London (Lloyd’s) insurance market.Talbot writes primarily short-tail lines of business but, as a complement to Validus Re, focuses on insurance, as opposed to reinsurance risks, and on specialty lines.
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