Validus Ups IPO Ante

Validus Holdings Ltd., a Bermuda-based reinsurance company, has increased its proposed IPO target from $200 million to $350 million. No specific terms have been disclosed. Validus plans to trade on the NYSE under ticker symbol VR, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. It 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