Validus Holdings, Ltd. Announces Senior Management Promotions at Validus Reinsurance, Ltd.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- 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 Underwriting.

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.

Investors:
Validus Holdings, Ltd.Jon Levenson, Executive Vice President
+1-441-278-9000
or
Media:
Brunswick GroupGemma Hart / Greg Faje+1-212-333-3810

Source: Validus Holdings, Ltd.