Bermuda-based Validus Reinsurance has launched.
The company has raised an initial $1bn in equity capital and has received a rating of A- (excellent) from AM Best.
Validus said Edward Noonan will serve as chairman and chief executive of the company. Noonan was previously acting chief executive of United America Indemnity and president and chief executive of American Reinsurance Company.
Former chairman and chief executive of Willis Re North America, George Reeth, has been appointed as president.
Noonan said: "Validus Re has an exceptionally strong balance sheet. Our financial strength, combined with our rating from AM Best, provides us with a platform to provide meaningful capacity to the global market."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
