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Validus reports Q3 operating income up 50%

A pile of coins with two magnifying glasses

Bermudian insurer and reinsurer Validus saw a sharp rise in net operating income for the third quarter of 2012, reporting an increase of $58m.

Validus' financial results for the third quarter show net operating income of $170.6m, up from $112.6m in the same period last year.

Net unrealised gains on investments also boosted the Validus

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