Filed Under:Markets, E&S/Specialty

$333.1M in Sandy-Caused Losses at Validus; Up to $25M for Navigators

Superstorm Sandy is expected to result in a net negative impact of about $333.1 million for Validus Holdings.

Validus says Sandy will cost Flagstone Reinsurance Holdings $39.1 million, but this impact will not affect the fourth quarter results at Validus since the Pembroke, Bermuda-based company’s acquisition of Flagstone was completed after the storm.

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