Validus beats in Q4 despite catastrophe hit

Validus reported net operating income of $64.3mn for the fourth
quarter, surpassing the expectations of Wall Street analysts
despite notable claims from Hurricane Matthew and the earthquakes
in New Zealand.
For the same period in 2015, the Bermudian recorded profits of
$105.4mn, which were boosted by higher reserve releases and a lack
of cat activity.
Operating income was $0.80 per share for the period, more than
the $0.74 forecast by the analysts surveyed by MarketWatch.
Gross written premiums