Bermuda-based Validus Holdings, Ltd. has opened a European reinsurance representative office located in Hamburg, Germany. The new office will represent Validus Reinsurance, Ltd. (Validus Re), the Group’s Bermuda-based reinsurance operating subsidiary, which focuses on short-tail classes of business, including property, marine, and other specialty.
The office will be headed by Maureen MacDonald, who has joined Validus Re as European Representative. She has approximately 20 years of insurance and reinsurance industry experience, most recently serving as Executive Director at Aon Re Germany.
Conan Ward, Chief Underwriting Officer of Validus Re, commented: “The addition of the Hamburg representative office demonstrates our continued commitment to exceptional customer service. The office will give us a local presence to better serve our growing European customer base as we continue to expand our presence in the region.”
Source: Validus Re – www.validusre.bm
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
