Validus Holdings, Ltd. : Announces Senior Management Promotions at Validus Reinsurance, Ltd.
05/22/2012| 10:05am US/Eastern
Validus Holdings, Ltd. (NYSE: VR) today announced a number of senior
management promotions at Validus Reinsurance, Ltd. ("Validus Re").
Kean D. Driscoll, currently Chief Underwriting Officer of Validus Re,
has been appointed Chief Executive Officer of Validus Re.
Jeff M. Clements, currently Head of U.S. Property and Specialty
underwriting at Validus Re has been appointed Chief Underwriting Officer.
Paul D. Manders, currently Executive Vice President of Marine
Underwriting at Validus Re will also now be Head of Specialty
Chris L. Silvester, currently Senior Vice President of U.S. Property
Underwriting at Validus Re has been promoted to Executive Vice President
and Head of U.S. Property Underwriting.
Ed Noonan, Chairman and CEO of Validus Holdings, Ltd, commented on the
management changes: "We congratulate Kean Driscoll and his colleagues at
Validus Re on their new roles. Kean, Jeff and Paul were part of the
original underwriting team at the time we formed Validus in 2005 and
were instrumental in merging cutting edge analytic expertise with
underwriting excellence in building our reinsurance business. Chris
joined us soon afterwards in 2006 and has been instrumental in shaping
our North American portfolio and market position. We are fortunate to
have such a deep bench of talented executives."
The promotions of Kean Driscoll, Jeff Clements and Paul Manders are
subject to approval by the Bermuda Department of Immigration.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. is a provider of reinsurance and insurance,
conducting its operations worldwide through two wholly-owned
subsidiaries, Validus Reinsurance, Ltd. ("Validus Re") and Talbot
Holdings Ltd. ("Talbot"). Validus Re is a Bermuda based reinsurer
focused on short-tail lines of reinsurance. Talbot is the Bermuda parent
of the specialty insurance group primarily operating within the Lloyd's
insurance market through Syndicate 1183.
Validus Holdings, Ltd.
Jon Levenson, Executive Vice
Hart / Greg Faje
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