Reinsurance News


Troy Fornof joins Western World as Underwriting & Marketing VP

29th August 2017

Troy Fornof is set to join reinsurer Validus Holdings' primary arm Western World Insurance as Underwriting and Marketing Vice President of Contract Division from August 28th. Fornof will work closely with Tim Hochkeppel, Gary Tiepelman and Rosemary D’Aco to oversee the continued expansion of the firm’s Contract Binding Authority business, working from ... Read the full article

Talbot Underwriting adds experienced lawyer to Board of Directors

22nd August 2017

Talbot Underwriting Ltd., a subsidiary of Validus Holdings, has announced the appointment of Monica Burch as Non-Executive Director of its Board of Directors, and Chair of the Risk Committee. Burch is currently a consultant at Addleshaw Goddard LLP, and is also a Non-Executive Director Board Member of the Crown Prosecution Service, ... Read the full article

Validus Re CEO Driscoll named President of Validus Holdings

10th May 2017

Validus Re Chief Executive Officer Kean Driscoll has been named President of the parent company Validus Holdings, Ltd., effective immediately. Driscoll will remain in his CEO role at the reinsurance unit. Driscoll has been CEO of Validus Re since since 2012. With 17 years of reinsurance industry experience, Driscoll was a ... Read the full article

Validus Holdings completes acquisition of Archer Daniels Midland Crop Risk Services

2nd May 2017

Validus Holdings has further diversified its lines of business with the completion of its Archer Daniels Midland Crop Risk Services (CRS) acquisition. CRS is a primary crop insurance managing general agent (MGA) with $555 million gross premiums written in 2016 and 1,170 agents acting across 36 states. Validus’ Chairman and Chief Executive ... Read the full article

Diversification highlighted as key strength for Validus by A.M. Best

10th April 2017

Rating agency A.M. Best has highlighted the importance of diversification, in terms of line of business, primary insurance and reinsurance, and global locations, as a key strength of Validus Group. It's a sign of the increasing importance of diversified business models for global reinsurance firms, as the softened market requires steps ... Read the full article

Validus finds up to 15% of NFIP flood policies attractively priced

9th March 2017

Bermudian insurance and reinsurance company Validus Group has said that after analysing the National Flood Insurance Program's risk profile, the re/insurer deems that it would underwrite as much of 15% of the risk on its own balance-sheet. It's a clear indication that the private insurance and reinsurance market is ready and ... Read the full article

Validus insurance unit Talbot launches terror facilities

9th February 2017

Bermudian re/insurer Validus' insurance unit Talbot has launched three enhanced terror facilities in the Singapore, Latin American and Dubai markets, after seeing growing global demand for terror coverage. The Facilities offer a full range of coverage against war and other political violence perils, Talbot's Global Practice Leader for Political Violence, Steven Tebbutt, commented; ... Read the full article

Validus acquires crop insurance agent for $127.5m

31st January 2017

Bermuda headquartered insurance and reinsurance group Validus has acquired the U.S. Crop Risk Services business from Archer Daniels Midland Company for a total consideration of $127.5 million. The deal will see the Bermudian re/insurance group and ADM continue to collaborate, under a marketing services agreement through which they will provide a ... Read the full article

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