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.