Validus underwriting holds up in earnings beat

Validus reported a solid earnings beat for the first quarter as its
bottom line benefited from stable underwriting performance that
contrasted with several of its peers.
Net operating income for the period fell by 14.2 percent to
$117.4mn compared to Q1 2015, but at $1.39 a share, earnings were
comfortably ahead of the $1.25 a share consensus forecast of Wall
Street analysts.
The Bermudian saw its top line climb by almost 5 percent to
$1.17bn for the period and generated...