Validus Re Opens Singapore Office

February 11, 2009

Bermuda-based Validus Holdings has announced the opening of an Asia-Pacific reinsurance representative office located in Singapore. The new office will represent Validus Reinsurance, the Group’s Bermuda-based reinsurance operation, which focuses on short-tail classes of business, including property, marine, and other specialty.

Marc Haushofer, an experienced Asian sector specialist, has joined Validus Re as Chief Representative and head of the new Asia-Pacific representative office. He is the former CEO of Munich Re’s Singapore Branch Office for South-East Asia and former Deputy Chairman of the Singapore Reinsurers’ Association. He has approximately 25 years of insurance and reinsurance industry experience, with nearly half of this time dedicated to the Asian marketplace.

Haushofer indicated he is looking forward to Validus “exciting phase of its development.”

Conan Ward, Chief Underwriting Officer of Validus Re, commented: “We’re delighted to have someone of Marc’s caliber joining Validus Re. Marc will be critical to furthering our goals throughout Asia and enhancing our relationships with our existing client base in the region. The opening of our Singapore representative office demonstrates Validus’ recognition of the importance of the Asia-Pacific marketplace.”

Source: Validus Re –

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