Driscoll confirmed as Validus Re ceo

May 23, 2012 by Adrian Hönig in  Baden-Baden Meeting

Validus Re has formally named Kean Driscoll as the replacement for outgoing chief executive Conan Ward, a move which has acted as a catalyst for a series of promotions within the Bermudian reinsurance operation.

Driscoll was formerly executive vice president and chief underwriting officer, and this gap will now be filled by Jeff Clements, previously head of US property and specialty underwriting.

Validus Re’s executive vice president of marine underwriting, Paul Manders, has also taken on responsibility as head of specialty underwriting, while Chris Silvester, currently senior vice president of US property underwriting, has been promoted to executive vice president and head of US property underwriting.

 

 

Solvency II prompts Hannover Re legal status change move

Mar 14, 2012

Hannover Re will change its legal status from a German joint stock company Aktiengesellschaft (AG) to a Societas Europaea (SE), a European joint stock company.

Beazley looks to France in 2012

May 10, 2012

IRELAND-domiciled Lloyd’s and specialty lines insurer Beazley has reported a 9% year on year increase in premiums for the first quarter to $465m, with a 2% average increase in rates. It also said that there was no adverse development for its estimated losses as a result of last year’s floods in Thailand.

Fitch rewards Scor with rating upgrade to A+

Mar 15, 2012

Fitch has upgraded the financial strength rating of Paris-based reinsurer Scor to A+ from A, with a stable outlook, on “strong solvency and moderate debt,” as well as significant business and risk diversification.