SEC Filings

Form 10-K
VALIDUS HOLDINGS LTD filed this Form 10-K on 03/06/2008
Document Outline
Entire Document (3464.8 KB)
Subdocument 1 - 10-K - FORM 10-K
Page 1 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Page 2 - Validus Holdings, Ltd.
Page 3 - PART I
Page 4 - Our Operating Subsidiaries
Page 5 - Property:
Page 6 - Marine:
Page 7 - Specialty:
Page 8 - Contingency.
Page 9 - Validus Re:
Page 10 - Underwriter Review
Page 11 - Proprietary Models:
Page 12 - Validus Re Ceded Reinsurance:
Page 13 - Distribution
Page 14 - Reserve for losses and loss expenses
Page 15 - Talbot:
Page 16 - Investments
Page 17 - Competition
Page 18 - United Kingdom
Page 19 - Classification of Insurers:
Page 20 - Annual Statutory Financial Statements:
Page 21 - Minimum Liquidity Ratio:
Page 22 - Bermuda Companies Act:
Page 23 - Available Information
Page 24 - Claims on policies written under our short-tail insurance lines that arise from unpredictable and se
Page 25 - If Validus Re s risk management and loss limitation methods fail to adequately manage exposure to lo
Page 26 - The insurance and reinsurance business is historically cyclical, and we expect to experience periods
Page 27 - If we underestimate our reserve for losses and loss expenses, our financial condition and results of
Page 28 - We rely on key personnel and the loss of their services may adversely affect us. The Bermuda locatio
Page 29 - Competition for business in our industry is intense, and if we are unable to compete effectively, we
Page 30 - Loss of business from one or more major brokers could adversely affect us.
Page 31 - The movement in foreign currency exchange rates could adversely affect our operating results because
Page 32 - An inability to implement, for the fiscal year ending December 31, 2008, the requirements of Section
Page 33 - Risks Relating to Lloyd s and Other U.K. Regulatory Matters
Page 34 - The failure of Lloyd s to satisfy the FSA s annual solvency test could result in limitations on Talb
Page 35 - U.S. persons who hold common shares may be subject to U.S. income taxation at ordinary income rates
Page 36 - U.S. persons who hold common shares will be subject to adverse tax consequences if the Company is co
Page 37 - The Organisation for Economic Cooperation and Development and other multinational organizations are
Page 38 - Risks Related to Ownership of Our Common Shares
Page 39 - Our classified board structure may prevent a change in our control.
Page 40 - A shareholder of our company may have greater difficulties in protecting its interests than as a sha
Page 41 - Executive Officers of the Company
Page 42 - Michael J. Belfatti
Page 43 - Performance Graph
Page 44 - Purchases of Equity Securities by the Issuer and Affiliate Purchases
Page 45 - N/A
Page 46 - N/A
Page 47 - Executive Overview
Page 48 - Property:
Page 49 - Business Outlook and Trends
Page 50 - Critical Accounting Policies and Estimates
Page 51 - Reserve for Losses and Loss Expenses.
Page 52 - N/A
Page 53 - Case reserves
Page 54 - Attritional losses
Page 55 - Net reserve for losses and loss expenses at December 31, 2007 Sensitivity to
Page 56 - N/A
Page 57 - Reinsurance Premiums Ceded and Reinsurance Recoverables.
Page 58 - Segment Reporting
Page 59 - N/A
Page 60 - N/A
Page 61 - Three months ended December 31, 2007 compared to three months ended December 31, 2006
Page 62 - Validus Re.
Page 63 - Reinsurance Premiums Ceded
Page 64 - Net Premiums Written
Page 65 - Talbot.
Page 66 - Net Premiums Earned
Page 67 - Talbot.
Page 68 - Summary of Critical Accounting Policies and Estimates
Page 69 - Talbot.
Page 70 - Talbot.
Page 71 - Validus Re.
Page 72 - Validus Re.
Page 73 - Underwriting Income
Page 74 - Net Investment Income
Page 75 - Finance Expenses
Page 76 - N/A
Page 77 - Net Realized Gains (Losses) on Investments
Page 78 - N/A
Page 79 - N/A
Page 80 - Year ended December 31, 2007 compared to year ended December 31, 2006
Page 81 - Validus Re.
Page 82 - Reinsurance Premiums Ceded
Page 83 - Net Premiums Written
Page 84 - Talbot.
Page 85 - Validus Re.
Page 86 - N/A
Page 87 - Summary of Critical Accounting Policies and Estimates
Page 88 - Talbot.
Page 89 - Validus Re.
Page 90 - Validus Re.
Page 91 - Share Compensation Expense
Page 92 - Underwriting Income
Page 93 - Net Investment Income
Page 94 - Finance Expenses
Page 95 - Fair Value of Warrants Issued
Page 96 - Net Unrealized Gains (Losses) on Investments
Page 97 - N/A
Page 98 - Recent accounting pronouncements
Page 99 - Debt and Financing Arrangements
Page 100 - N/A
Page 101 - Regulation
Page 102 - Off-Balance Sheet Arrangements
Page 103 - CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Page 104 - Interest Rate Risk:
Page 105 - Foreign Currency Risk:
Page 106 - PART III
Page 107 - Equity Compensation Plan Information
Page 108 - EXHIBITS
Page 109 - N/A
Page 110 - SIGNATURES
Page 111 - N/A
Page 112 - INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page 113 - Report of Independent Registered Public Accounting Firm
Page 114 - Validus Holdings, Ltd.
Page 115 - Validus Holdings, Ltd.
Page 116 - Validus Holdings, Ltd.
Page 117 - Validus Holdings, Ltd.
Page 118 - Validus Holdings, Ltd.
Page 119 - Validus Holdings, Ltd.
Page 120 - Validus Holdings, Ltd.
Page 121 - Validus Holdings, Ltd.
Page 122 - Validus Holdings, Ltd.
Page 123 - Validus Holdings, Ltd.
Page 124 - Validus Holdings, Ltd.
Page 125 - Validus Holdings, Ltd.
Page 126 - Validus Holdings, Ltd.
Page 127 - Validus Holdings, Ltd.
Page 128 - Validus Holdings, Ltd.
Page 129 - Validus Holdings, Ltd.
Page 130 - Validus Holdings, Ltd.
Page 131 - Validus Holdings, Ltd.
Page 132 - Validus Holdings, Ltd.
Page 133 - Validus Holdings, Ltd.
Page 134 - Validus Holdings, Ltd.
Page 135 - Validus Holdings, Ltd.
Page 136 - Validus Holdings, Ltd.
Page 137 - Validus Holdings, Ltd.
Page 138 - Validus Holdings, Ltd.
Page 139 - Validus Holdings, Ltd.
Page 140 - Validus Holdings, Ltd.
Page 141 - Validus Holdings, Ltd.
Page 142 - Validus Holdings, Ltd.
Page 143 - Validus Holdings, Ltd.
Page 144 - Validus Holdings, Ltd.
Page 145 - Validus Holdings, Ltd.
Page 146 - Validus Holdings, Ltd.
Page 147 - Validus Holdings, Ltd.
Page 148 - Validus Holdings, Ltd.
Page 149 - Validus Holdings, Ltd.
Page 150 - Validus Holdings, Ltd.
Page 151 - Validus Holdings, Ltd.
Page 152 - Validus Holdings, Ltd.
Page 153 - Validus Holdings, Ltd.
Page 154 - Validus Holdings, Ltd.
Page 155 - Validus Holdings, Ltd.
Page 156 - Validus Holdings, Ltd.
Page 157 - Validus Holdings, Ltd.
Page 158 - Validus Holdings, Ltd.
Page 159 - Validus Holdings, Ltd.
Page 160 - SCHEDULE I
Page 161 - Schedule II
Page 162 - VALIDUS HOLDINGS, LTD. (parent company only)
Page 163 - VALIDUS HOLDINGS, LTD. (parent company only)
Page 164 - SCHEDULE III
Page 165 - SCHEDULE IV
Subdocument 2 - EX-10.18 - EX-10.18: AMENDED AND RESTATED EMPLOYMENT AGREEMENT WITH MICHAEL J. BELFATTI
Page 1 - Agreement
Page 2 - Date of Termination
Page 3 - Employment Period
Page 4 - Base Salary
Page 5 - Expenses
Page 6 - Date of Termination
Page 7 - Notice of Termination
Page 8 - Delivery of Materials upon Termination of Employment
Page 9 - Nonsolicitation of Customers
Page 10 - Rights and Remedies
Page 11 - Descriptive Headings
Page 12 - Entire Agreement
Page 13 - N/A
Subdocument 3 - EX-10.19 - EX-10.19: CHARLES NEVILLE RUPERT ATKIN SERVICE AGREEMENT
Page 1 - TALBOT UNDERWRITING SERVICES LTD
Page 2 - THIS AGREEMENT
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - IN WITNESS
Page 16 - Grievance Procedure
Page 17 - Restricted Share Agreement
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - Appendix 3
Subdocument 4 - EX-10.20 - EX-10.20: GILLES ALEX MAXIME BONVARLET SERVICE AGREEMENT
Page 1 - SERVICE AGREEMENT
Page 2 - THIS AGREEMENT
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - IN WITNESS
Page 16 - N/A
Page 17 - Grievance Procedure
Page 18 - Restricted Share Agreement
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - Accrued Bonus: Gilles Bonvarlet
Subdocument 5 - EX-10.21 - EX-10.21: MICHAEL EDWARD ARSCOTT CARPENTER SERVICE AGREEMENT
Page 1 - TALBOT UNDERWRITING SERVICES LTD
Page 2 - THIS AGREEMENT
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - IN WITNESS
Page 16 - Grievance Procedure
Page 17 - Restricted Share Agreement
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - Accrued Bonus:
Subdocument 6 - EX-10.27.1 - EX-10.27.1: FORM OF POST-IPO RESTRICTED SHARE AGREEMENT FOR EXECUTIVE OFFICERS (BONUS SHARES)
Page 1 - Exhibit 10.27.1
Page 2 - Resignation Without Good Reason
Page 3 - Rights of a Stockholder
Page 4 - Notices
Page 5 - N/A
Subdocument 7 - EX-10.27.2 - EX-10.27.2: FORM OF POST-IPO RESTRICTED SHARE AGREEMENT FOR EXECUTIVE OFFICERS (LTIP GRANT)
Page 1 - Exhibit 10.27.2
Page 2 - Resignation Without Good Reason
Page 3 - No Right to Continued Employment
Page 4 - Governing Law
Page 5 - N/A
Subdocument 8 - EX-10.28 - EX-10.28: FORM OF RESTRICTED SHARE AGREEMET
Page 1 - Restricted Share Agreement
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Governing Law
Subdocument 9 - EX-10.34 - EX-10.34: FORM OF STOCK OPTION AGREEMENT FOR EXECUTIVE OFFICERS
Page 1 - Exhibit 10.34
Page 2 - Death After Service
Page 3 - Forfeiture
Page 4 - Forfeiture Upon Breach of Certain Other Agreements
Page 5 - N/A
Subdocument 10 - EX-23.1 - EX-23.1: CONSENT OF PRICEWATERHOUSECOOPERS
Page 1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Subdocument 11 - EX-31 - EX-31: CERTIFICATIONS
Page 1 - Exhibit 31
Page 2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER
Subdocument 12 - EX-32 - EX-32: CERTIFICATIONS
Page 1 - Exhibit 32