8-K
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2008
 
VALIDUS HOLDINGS, LTD.
(Exact name of registrant as specified in its charter)
 
         
Bermuda
(State or other jurisdiction
of incorporation)
  001-33606
(Commission File Number)
  98-0501001
(I.R.S. Employer Identification No.)
19 Par-La-Ville Road, Hamilton, HM 11 Bermuda
(Address of principal executive offices)
Registrant’s telephone number, including area code: (441) 278-9000
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 7.01 Regulation FD Disclosure.
     On May 1, 2008, Validus Holdings, Ltd. (“Validus”) released information regarding the high quality of its investment portfolio. A copy of this release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
     As of March 31, 2008, Validus had cash and invested assets of $3,240.9 million. As of such date, Validus had approximately $17.6 million of asset-backed securities with sub-prime collateral and $12.4 million of insurance enhanced asset-backed securities that have no underlying credit ratings, representing 0.5% and 0.4% of total cash and investments, respectively. Validus is providing the foregoing additional disclosure on the composition of its portfolio in response to the recent volatility in the global credit markets.
     The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d)   Exhibits. The following exhibits are filed herewith:
     
Exhibit No.   Description
99.1
  Release regarding investment portfolio dated May 1, 2008

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 2, 2008
         
 
VALIDUS HOLDINGS, LTD.
(Registrant)
 
 
  By:   /s/ Joseph E. (Jeff) Consolino    
    Name:   Joseph E. (Jeff) Consolino   
    Title:   Executive Vice President & Chief Financial Officer