Reinsurance News

IQUW names Ex-Validus CEO Noonan as Independent Non-Exec Director to Bermuda Board

6th June 2023 - Author: Akankshita Mukhopadhyay

IQUW, a property, commercial and specialty re/insurer has announced the addition of Edward Noonan, former Chairman and Chief Executive Officer of Validus, to its Bermuda Board as an Independent Non-Executive Director.

IQUWWith over 40 years of experience in the insurance and reinsurance industry, Noonan brings a wealth of knowledge and expertise to the company.

Noonan has held prominent positions within the insurance and reinsurance sector throughout his career. Currently serving as the Executive Chairman of Core Specialty, he previously served as Chairman of StarStone in 2019.

Notably, Noonan played a pivotal role as the Co-Founder of Validus Holdings, where he served as Chairman and CEO from its establishment in 2005 until 2018.

His appointment to the IQUW Holdings Bermuda Board aligns him with a distinguished group of industry leaders, including IQUW Group Chief Executive Officer Peter Bilsby, Group Chief Financial Officer and Head of Strategy Richard Hextall, and industry executive Kevin Kelly, who joined the IQUW Board in 2020.

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Expressing his enthusiasm for Noonan’s appointment, Bilsby remarked, “I am thrilled to have someone of Ed’s calibre join the IQUW Board. We have spent our first two years in business building a diverse portfolio, improving our data capabilities and developing an experienced team of underwriters. Ed’s experience and knowledge will strengthen our Board, supporting the company through its next strategic phase of growth and innovation.”

In response to his appointment, Noonan expressed his optimism about joining IQUW, stating, “IQUW is an exciting business with impressive growth in an excellent rate environment. I am pleased to join the Board of Directors and be part of the ongoing success of the business.”

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