Validus Holdings, Ltd. has revealed a number of new leadership roles in new reportable segments, as it looks to enhance the development and execution of its international strategy.
In addition to his roles as President of Validus Holdings, Ltd. and Chief Executive Officer (CEO) of Validus Reinsurance, Ltd., Kean Driscoll has been appointed Global Head of Reinsurance.
Peter Bilsby, CEO of the Talbot Group, a specialty (re)insurance group operating within the Lloyd’s market, will also take on the role as Global Head of Insurance.
Thirdly, in addition to being CEO of AlphaCat Managers Ltd., the insurance-linked securities (ILS) and collateralized reinsurance investment operations of Validus, Lixin Zeng has been named Global Head of Asset Management business.
The new leadership appointments reflect a structural change at Validus, which has resulted in three new reportable segments for the firm, being Reinsurance, Insurance, and Asset Management.
“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,” said Ed Noonan, Chairman and CEO, Validus.
The re/insurer also announced a number of additional leadership changes within its insurance division, a business segment it’s eager to develop in the U.S.
CEO of Western World Insurance Group, Inc., a U.S. excess and surplus lines insurer that joined Validus in 2014, Bob Livingston, has been named Chairman of Western World Insurance Group, Inc.
While Jonathan Ritz has been named President of Western World Insurance Group, Inc., in addition to his role as CEO of Validus Specialty.
Bilsby, commented; “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.”