Western World Insurance News

New CEO Levinson on Rebuilding Lexington Insurance

Success for a specialty lines carrier is about discipline. It’s about walking away from classes of business or lines of business when rates are no longer adequate. It’s about having the courage to make substantial changes. That’s according to Lou …

Validus Names Driscoll, Bilsby & Zeng to Lead New Reportable Divisions

Validus Holdings Ltd. has announced three senior leadership appointments as a result of a structural change for the company that creates three, new reportable divisions: Reinsurance, Insurance and Asset Management. Kean Driscoll was named global head of Reinsurance, in addition …

Validus to Buy Western World Insurance for $690M

Validus Holdings said it has agreed to acquire specialty insurer Western World Insurance Group for $690 million in a deal that leaves the management team and brand of the specialty insurer intact. Under the deal terms, Western World’s owners will …

Report Validus Nears $600 Million Deal for Insurer Western World

Validus Holdings Ltd., the Bermuda- based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a deal valuing Western World at more than $600 million later this …