Validus exceeds expectations with a $255mn loss

Validus has outperformed the expectations of analysts, reporting
a $254.5mn net operating loss in a third quarter that saw the
Bermudian sustain $367.3mn of catastrophe losses.
The $3.22 per share loss was not as severe as the $3.30
consensus estimate of nine Wall Street analysts surveyed by
MarketWatch.
But it fell well shy of the $83mn profit the firm reported last
year. The loss came after a string of third quarter catastrophes -
mainly Hurricanes Harvey, Irma and Maria -...