Validus Reorganizes to Reinsurance, Insurance and Asset Management

Validus announced the following leadership appointments:

Kean Driscoll – Global Head of Reinsurance, in addition to his roles as President of Validus Holdings, Ltd. and Chief Executive Officer ofValidus 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 . “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’ Chairman and CEO, Ed Noonan.

Validus additionally announced the following further leadership changes in the Insurance segment as Validus continues to focus on building out its US 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.

Other insurers that have recently announced a reorg are: AIG, AXA, Sompo International, and MAPFRE Insurance .