Validus Specialty Appoints Cyber Team

NEW YORK--()--Validus Specialty Underwriting Services, Inc. (“Validus Specialty”), a wholly owned subsidiary of Validus Holdings, Ltd. (“Validus”), is pleased to announce the appointment of a dedicated team of expert U.S. cyber underwriters based in New York, writing on behalf of Talbot Underwriting Ltd. (“Talbot”) through Syndicate 1183, and Western World Insurance Group (“Western World”).

Jackie Lee joins the team as Vice President, and Mary Spicer joins the team as Senior Underwriter.

Jackie Lee has over 18 years of experience in insurance, primarily in Cyber and Commercial Errors and Omissions. Jackie most recently served as Associate Vice President, Division Head-Cyber and Professional Liability at Nationwide Insurance. She previously held the Assistant Vice President, Professional Liability role with Arch Insurance.

Mary Spicer comes with experience in the insurance and brokering sector, having held roles at Aon Risk Services and most recently at Nationwide Insurance, specializing in Cyber and Commercial Errors and Omissions.

Jonathan Ritz, CEO of Validus Specialty said, “Validus Specialty is uniquely positioned to deliver a suite of specialty insurance solutions to U.S. clients and brokers through U.S. based underwriters, leveraging the risk appetite and balance sheet capacity of Talbot and Western World. As Validus Specialty continues to build out the Validus insurance platform in the U.S., including a cyber-offering is a natural progression and complement to our existing product offerings. We are delighted to welcome Jackie and Mary to the global cyber team and are confident that they will add tremendous value to our U.S. clients and brokers.”

Validus Specialty Underwriters

Validus Specialty offers a wide range of E&S and Admitted insurance solutions and operates on behalf of Western World Insurance Group and Talbot Underwriting Ltd., through Syndicate 1183.

With the flexibility of offering ‘A’ rated Lloyd’s paper and ‘A’ rated U.S. domestic excess & surplus lines and admitted paper through Western World insurance companies, Validus Specialty offers enhanced distribution access, excellent technical underwriting and claims management, and access to leading underwriting capacity.

About Validus Holdings, Ltd.

Validus Holdings, Ltd. ("Validus") is a holding company for reinsurance and insurance operating companies and investment advisors including Validus Reinsurance, Ltd. (“Validus Re”), Talbot Underwriting Ltd. (“Talbot”), Western World Insurance Group, Inc. (“Western World”) and AlphaCat Managers, Ltd. (“AlphaCat”).

Validus Re is a global reinsurer focused primarily on treaty reinsurance. Talbot is a specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Western World is a U.S. specialty lines insurance company focused on excess and surplus lines. AlphaCat is a Bermuda based investment adviser managing capital for third parties and Validus in insurance linked securities and other property catastrophe and specialty reinsurance investments.

Contacts

Investors:
Validus Holdings, Ltd.
investor.relations@validusholdings.com
+1-441-278-9000
or
Media:
Brunswick Group
Charlotte Connerton / Mustafa Riffat
+1-212-333-3810
or
Clients:
Jackie Lee
Vice President
Validus Specialty
Phone +1 (212) 487-5227
Email Jackie.Lee@validusuw.com
or
Mary Spicer
Senior Underwriter
Validus Specialty
Phone +1 (212) 487-5266
Email Mary.Spicer@validusuw.com

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