A leading global multi-line reinsurance company

VALIDUS RE

We are among the world’s largest and most successful reinsurers as part of AIG Re, specializing in the assumption of volatility risk, with the financial strength and resources to satisfy the most demanding global clients but also nimble enough to provide innovative and client-focused solutions in a complex and evolving marketplace.

We operate from various offices internationally and we are able to provide a broad suite of reinsurance products and services, backed by highly-rated capital and specialized local knowledge, in virtually every corner of the world.

We utilize our superior analytical tools and resources to offer our clients unique insight into their risk portfolios. In addition, we provide exceptional service and commitment to our clients and their communities.

As the world changes, we are poised to be looking ahead.

Quick Facts

  • Headquartered in Bermuda, with local offices covering Asia Pacific, Canada, Europe, Latin America, the United Kingdom and the United States
  • Underwriting through Validus Reinsurance, Ltd., registered as a Class 4 insurer under the Bermuda Insurance Act, Validus Reinsurance (Switzerland) Ltd, licensed as a reinsurer under the Swiss Insurance Supervision Act, both S&P ‘A+’ rated and A.M Best ‘A’ rated balance sheets, as well as Talbot Underwriting Ltd, a UK incorporated managing agent for Lloyd’s Syndicate 1183, ‘A+’ (Lloyd’s) rated
  • Deep and strong relationships with clients and intermediaries around the globe encompassing many classes of business
  • Proven product innovation, with continuity in capacity and exceptional customer service
  • Specific and highly-regarded expertise in Property, Marine and & Energy, Specialty, Casualty, Financial Lines and Agriculture

 

PRODUCTS

Provider of treaty reinsurance across a wide portfolio of classes

AGRICULTURE

Global treaty reinsurance in MPCI, crop hail, named peril, parametric and livestock

CASUALTY

Most classes of Casualty with an emphasis on Working Layer XOL and Quota share including D&O, E&O, E&S Casualty, Excess Casualty, Med Mal, Surety and related lines

CREDIT LINES

Mortgage, Surety, Non-Payment Insurance, Political Risk, Structured Credit, Trade Credit

MARINE & ENERGY

Marine, Energy, Composite

PROPERTY

Global Property Reinsurance written on Excess of Loss, Proportional, Per Risk XOL and Retrocessional basis, as well as Construction and Engineering business

SPECIALTY

Aviation, Contingency, Crisis Management, Cyber, Nuclear, Space, Technical Lines, Terror

VALIDUS RESEARCH

Analytical excellence, and the capability to progress an independent view of risk, is core to Validus Research.

Our centers of excellence in New York, Ontario (Canada) and Minneapolis share expertise in physical, mathematical and data sciences. Teams are dominated by domain experts holding advanced degrees in Atmospheric Sciences, Seismology, Civil Engineering, Mathematics and Statistics.

Alongside the applied research function, our teams of analysts interpret, investigate and provide clear insights. This promotes a complex and superior understanding of risk.

The Validus View of Risk and its application through leading-edge analytics and technology is central to our business.

It is designed to foster rapid and iterative solutions in support of our business partners. 

 

LEADERSHIP TEAM

 

Chris Schaper is the Group CEO for AIG Re, the global reinsurance business of American International Group, which brings together the organizations of Validus Re, AlphaCat, Talbot Treaty and Validus Research under one entity. In addition to his role as CEO of AIG Re, he also serves as the CEO of both Validus Re and AlphaCat and is a member of the AIG General Insurance Executive Committee. Additionally, he is on the Board of Fortitude Re, the legacy company initially founded by AIG in 2017.

Chris joined AIG in 2019 and has over 30 years of insurance and reinsurance industry experience. He joined AIG from Marsh & McLennan Companies, where he was CEO of Victor Insurance Holdings, Marsh’s global managing general agent business. Prior to that, Chris served as President of Montpelier Re Ltd and Underwriting Chairman of Blue Capital, Montpelier’s capital markets entity. Previously, Chris held several leadership roles at Endurance Specialty Insurance Ltd., including Chief Underwriting Officer and Head of Reinsurance. He is based in Bermuda.

 

Andrew Tudor-Thomas is Executive Vice President, Head of U.S. Property for Validus Re based in Bermuda. He is responsible for developing and executing the U.S. Property department business plan and strategy, incorporating platforms in Bermuda, London and New York. Andrew has worked at Validus Re since January 2013 where he joined as Vice President. Andrew previously worked as a U.S. Treaty underwriter for Beazley Syndicate at Lloyd’s and started his career at Guy Carpenter in London working in the U.S. Wholesale Treaty team. Andrew is an Associate of The Chartered Insurance Institute (ACII).

 

Florian Lutz started his career in 1990 at AXA Insurance Company in Berlin as an underwriter within the Industrial Fire, Construction & Engineering department. In 2000 Florian moved to Aon Jauch & Huebener in Germany as a reinsurance broker with various responsibilities for the European treaty reinsurance clients. This was followed by a move in 2008 to Zurich joining Axis Re Europe as a Cat Underwriter for EMEA and he was promoted in 2013 to Senior Underwriter for Motor & PA reinsurance for Europe, MENA and Asia. Florian joined Validus in 2014 with the opening of Validus Re Switzerland in Zurich as a SVP for International Property. Florian got promoted in 2021 as the Underwriting Director of Validus Re Switzerland responsible for the production and management of the portfolio for Validus Re Switzerland. He also is responsible for the global Construction & Engineering portfolio.

 

Heather Legg is the Chief Agent for the Canadian Branch of Validus Re Bermuda. She has over 25 years of experience in the Canadian reinsurance industry including roles at Aon and Guy Carpenter. Upon joining Validus Re in 2019, Heather worked with various stakeholders to establish the new Canadian operation and ultimately received the Order to Insure in December 2019. Heather earned a Master in Business Administration from McGill University and is a Fellow, Certified Insurance Professional. Heather is also the President of the Reinsurance Research Council of Canada, and Past Chair of the Board of Directors of Against the Grain Theatre.

 

Jesse DeCouto is Executive Vice President, Credit and Specialty Lines for Validus Re based in Bermuda. The Credit Lines book underwrites Mortgage, Trade Credit, Structured Credit, Political Risk and Surety. Jesse took over Specialty Lines in October 2020. The Specialty Lines book underwrites Terrorism, Workers Compensation Cat, Accident & Health, Cyber, Aerospace, Crisis Management, Nuclear and Tech Lines. Jesse joined Validus Re in 2007 as a Vice President and Specialty Line Underwriter and was then a Senior Vice President for the Marine and Energy and Specialty Lines Underwriting. Prior to joining Validus Re, Jesse worked at Partner Re for a total of 8 years as a US Property Cat Underwriter in Bermuda and a Pricing Actuary for Partner Re in Greenwich, CT. Jesse earned his MBA at the College of Insurance, NY in Financial Risk Management and his B.S. in Biomedical Engineering from the University of Miami, FL. Jesse is an Associate of the Casualty Actuarial Society.

 

Jim Franson is Head of Casualty for Validus Re and President of Validus Americas. He is responsible for expanding Validus Re’s domestic U.S. reinsurance strategy, including the development of a casualty reinsurance business operation. Jim brings 29 years of industry experience to Validus Re, most recently serving as Chief Underwriting Officer (“CUO”) of Arch Reinsurance Company (“Arch Re”), where he was responsible for all property and casualty underwriting in the U.S. and Canada. Jim joined Arch Re in 2001 as a founding member of the management team, and was instrumental in helping transition the company from a start-up to an established and leading reinsurer in the U.S. Market. He holds a Bachelor of Science in Finance and Accounting from Manhattan College and is a member of PLUS.

 

Kevin Downs is the Chief Actuary of Validus Re. He is responsible for the management and oversight of the actuarial pricing, reserving, capital modeling and risk management functions within Validus Re. He has been in this role since 2013. Prior to that he served as the Reserving Actuary for Validus Re, since joining the firm in 2009. Kevin has over 25 years of experience in the insurance and reinsurance industry in both in-house and consultancy capacities. Kevin holds a Bachelor of Science degree in Mathematics from the University of Notre Dame. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

 

Marc Haushofer is Executive Vice President and Chief Executive Officer, Asia Pacific. He joined Validus Re in 2008 to head the Singapore Branch Office which underwrites general reinsurance business in Asia. He also leads the Singapore Reinsurers' Association (SRA) as its Chairman since January 2017. Marc has over 35 years of experience in the (re)insurance industry. Prior to Validus Re, he was the Chief Executive Officer & Principal Officer of Munich Reinsurance Company, Singapore Branch, heading Munich Re's South-East-Asian Hub. Before that he was a Deputy Member of the Executive Management at Munich Reinsurance Company, Munich. Marc is a certified Versicherungskaufmann which is the German equivalent to Associate of The Chartered Insurance Institute (ACII).  He also holds a Certificate in both Strategic Management and Financials for Executives from the St. Gallen Management School. In addition, he successfully accomplished an Executive Management stint with the London Business School.

 

Pablo Nunez is the Executive Vice President and Chief Executive Officer of Validus Reaseguros. With more than 20 years of (re)insurance experience, Pablo leads the Miami Office which underwrites reinsurance business in Latin American and South Caribbean. He joined Validus Re in 2012 as Global Head of Reserving and has been a senior member of the Validus Reaseguros underwriting team since 2019. He also serves as Head for Strategic Solutions. Prior to Validus Re, Pablo led the actuarial advisory practice of Ernst & Young in Bermuda, Cayman and Bahamas and was an underwriter manager at Gen Re. Pablo is a Member of the American Academy of Actuaries (MAAA) and Affiliate Member of the Casualty of Actuaries (CAS). He holds a Master of Business Administration (MBA) degree from Ivey Business School at University of Western Ontario, Canada.

 

Pat Boisvert is the Chief Financial Officer of Validus Reinsurance, Ltd. Patrick joined the company in 2012 and has 25 years of experience, including 20 years in the financial services industry. Prior to this role, Patrick was the Chief Financial Officer of Flagstone Reinsurance Holdings SA. He was previously Chief Financial Officer of West End Capital Management and Vice President Fund Administration at Bisys Hedge Funds Services. He started his career with Ernst & Young and is a member of the CPA Institute of Québec.

 

Paul Daniel is the Head of Treaty at Lloyd’s syndicate Talbot-1183. The treaty team in London mirrors a consistent and complementary business policy with Validus Re. Both follow a common strategy as set out by AIG Re, the reinsurance franchise of AIG. Paul has worked in the Lloyd’s market for 35 years. 27 of these years have been spent at the Talbot syndicate, joining in December 1994. He has written the Property treaty account since 2002 and has headed the team since 2017. This includes overseeing the Aviation and Specialty lines, in addition to leading the Property Treaty account. Prior to this he held positions in the syndicate writing the Direct and Facultative property account and Reinsurance purchasing. Prior to Talbot, Paul was a property claims adjuster for the Toa insurance company based in London.

 

Paul Roberts is Executive Vice President and Head of Marine & Energy for Validus Re. Paul started his career at Willis Faber and Dumas in 1985 and worked in both the Marine Excess of Loss Treaty Department in London and New York as a Divisional Director with responsibilities for the London Market and International clients. In 1996 Paul moved to Allianz Cornhill where he assumed responsibility for the Marine Excess of Loss Account, a worldwide portfolio. In 2002 Paul moved to Bermuda with Rosemont Reinsurance as a SVP with responsibility for the Marine Reinsurance portfolio. This was followed by a move in December 2005 to be one of the founding members of Validus Re, SVP Underwriting for the Marine Treaty Portfolio. Since then Paul has held various roles within the broader group including Talbot Treaty and SVP in Zurich with Validus Re (Switzerland) with responsibility for the Marine, Energy and Specialty Portfolio written by the Swiss company. 

 

Dr. Pete Griffin is the Head of Agriculture for Validus Re. He is responsible for developing & underwriting agricultural reinsurance globally, including treaty and parametric risk programs in North America, Latin America, Asia and Europe. Pete joined Validus Re in 2020 with over 20 years of insurance and reinsurance industry experience.  He joins Validus Re from AXIS Capital, where he was the Head of Agriculture since 2012.  Previously, Pete worked as a Senior Analyst for RenRe North America and as Senior Vice President for JB Collins Associates, a reinsurance intermediary.  As the principal of Applied Analytics Group, Pete consulted for the World Bank, insurance and reinsurance companies, and developed insurance products offered by the Federal Crop Insurance Corporation. Pete received his PhD in Agricultural Economics from the University of Kentucky. He is based in Miami.

 

Simon Biggs is the Chief Executive Officer of Validus Research based in Bermuda. He oversees Research functions that include: Applied Research, Reinsurance Client Analytics, Cat Modeling and Analytical Tool Development. Previously, Simon served as Director of Analytics at Validus Re/Flagstone Re. Prior to Flagstone Re, Simon acted as a Fixed Income Strategist for West End Capital Management. Simon has over 25 years of experience in analytical tool and model development relating to both Capital and Insurance Markets. Simon holds a B.S. in Computer Science from the University of Warwick (UK).

 

Sven Wehmeyer is Executive Vice President & Head of International for Validus and CEO of Validus Re Switzerland. He is responsible for all International Property Business and also oversees the Validus Re International Offices. As CEO of Validus Re Switzerland, Sven is leading the Group’s risk carrier in Zurich. He joined the firm in October 2006 and has held progressively senior positions. From December 1996 to September 2006, Sven held reinsurance broking positions at Aon Jauch & Hubener in Germany. He holds a Diplom-Volkswirt and Diplom-Kaufmann from Christian Albrechts University in Kiel, Germany.

CONTACT US

HEADQUARTERS

Bermuda

29 Richmond Road
Pembroke, HM 08
Bermuda

T +1 441 278 9000
F +1 441 278 9090

ASIA PACIFIC

Singapore

3 Church Street
24-05/06 Samsung Hub
Singapore 049483

T +65 6595 4150
F +65 6595 4151

CANADA

Toronto

120 Bremner Boulevard
Suite 2030
Toronto, Ontario
Canada
M5J 0A8

T +1 519 783 9100
F +1 519 783 9101

EUROPE

Zürich

Talstrasse 83, 4th Floor
8001 Zürich
Switzerland

T +41 43 344 7310
F +41 43 344 7311

LATIN AMERICA

Miami

600 Brickell Avenue
Suite 1850
Miami, Florida
33131

T +1 305 631 7780
F +1 305 631 7781

UNITED KINGDOM

London 

(Talbot Lloyds syndicate 1183)
60 Threadneedle Street
London
EC2R 8HP
United Kingdom

T +44 20 7550 3500
F +44 20 7550 3555

UNITED STATES

New York

4 World Trade Center
150 Greenwich Street, 47 Floor
New York, NY
10007

T +1 212 785 2000
F +1 212 785 2001

Parsippany

300 Kimball Drive
Suite 500
Parsippany, NJ
07054

T +1 201 847 8600
F +1 201 847 1010