Validus has completed its acquisition of Talbot Holdings and raised an additional $200m
Validus has completed its acquisition of Talbot Holdings from a group of institutional investors and Talbot employees and management, following receipt of all required regulatory approvals.
Talbot will be Validus’ principal operation in the direct insurance market and primary point of access to the London market.
The business will continue to trade in the Lloyd’s market through both Syndicate 1183 and Underwriting Risk Services Ltd (URSL).
Validus also announced it has raised $200m through a private sale of junior subordinated deferrable interest debentures.