Validus Holdings (VR) gives a preliminary estimate of the financial impact from Hurricane Sandy,...

|About: Validus Holdings, Ltd. (VR)|By:, SA News Editor

Validus Holdings (VR) gives a preliminary estimate of the financial impact from Hurricane Sandy, saying it expects to record a $333.1M hit to earnings, based on estimated insured industry losses of approximately $25B. The amount is split between Validus' operating segments as follows: $256.2M to it Validus Re segment and $76.9M to its Talbot segment.