Reinsurer Files for $200 Million IPO

Validus Holdings Ltd., a Bermuda-based reinsurance company, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol VR, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. Validus was formed in October 2005, with funding from Aquiline Capital Partners, Goldman Sachs Capital Partners, Vestar Capital Partners, New Mountain Capital and Merrill Lynch Global Private Equity. www.validusre.bm