Validus Holdings, Ltd. Announces Leadership Roles in New Reportable Segments
December 08 2017 - 8:00AM
Business Wire
Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE:VR)
today announced the following leadership appointments designed to
enhance the development and execution of its global strategy:
- Kean Driscoll – Global Head of
Reinsurance, in addition to his roles as President of Validus
Holdings, Ltd. and Chief Executive Officer of Validus Reinsurance,
Ltd.;
- Peter Bilsby – Global Head of
Insurance, in addition to his role as Chief Executive Officer of
the Talbot Group; and
- Lixin Zeng – Global Head of Asset
Management business, in addition to his role as Chief Executive
Officer of AlphaCat Managers Ltd.
These leadership appointments reflect an organizational change
that results in three new reportable segments for the Company:
Reinsurance, Insurance and Asset Management. The Company has
released on its website (www.validusholdings.com), and filed with
the SEC on Form 8-K, historical information reflecting this change
in reportable segments. This information does not constitute a
restatement of the Company’s previously issued consolidated
financial statements.
Ed Noonan, Validus’ Chairman and Chief Executive Officer,
stated, “These internal appointments are a strong reflection of the
depth of the Validus management team and these executives will be
responsible for developing strategy and driving profitable growth
across our Reinsurance, Insurance and Asset Management businesses,
respectively.”
Validus additionally announced the following further leadership
changes in the Insurance segment as Validus continues to focus on
building out its U.S. Insurance platform, a key part of the
Company’s global strategy:
- Bob Livingston – Chairman of Western
World Insurance Group, Inc., in addition to his role as Chief
Executive Officer of Western World Insurance Group, Inc.; and
- Jonathan Ritz - President of Western
World Insurance Group, Inc., in addition to his role as Chief
Executive Officer of Validus Specialty.
Peter Bilsby, Global Head of Insurance and Chief Executive
Officer of the Talbot Group, stated, “Bob and Jonathan have been
integral to the success of our U.S. insurance business. I am
looking forward to their continued leadership as we strengthen our
existing business and pursue growth and new opportunities in the
U.S. market.”
About Validus Holdings,
Ltd.
Validus Holdings, Ltd. is a leading global provider of
reinsurance, insurance, and asset management services, delivering
its premier solutions through four diversified yet complementary
operating companies: Validus Reinsurance, Ltd., a global
reinsurance group focused primarily on treaty reinsurance; Talbot
Underwriting Ltd., a specialty (re)insurance group operating within
the Lloyd’s market through Syndicate 1183; Western World Insurance
Group, Inc., a U.S. specialty lines organization; and AlphaCat
Managers, Ltd., a Bermuda-based investment advisor managing capital
for third parties and Validus through insurance-linked securities
and other property catastrophe and specialty reinsurance
investments.
Research and analytics are at the core of Validus’ operations
and provide its team of expert practitioners with the knowledge and
insight required to effectively model and interpret risk – an
approach that consistently benefits clients and ensures their needs
are met. Validus maintains a worldwide presence with more than
1,000 employees in 19 offices across all major regions and is
listed on the New York Stock Exchange under the ticker symbol
VR.
More information about the Validus group of companies can be
found at validusholdings.com.
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