NU Online News Service, Feb. 3, 2:18 p.m. EST

Validus Holdings, Ltd. says fourth-quarter net income available to shareholders fell over 73 percent to $27.3 million as insured losses from catastrophes continued to take their toll.

For the year, Pembroke, Bermuda-based Validus says net income available to shareholders was down 94.7 percent to $21.3 million.

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