Validus
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Experts split on how far the mid-year renewals benefitted reinsurers. -
Jonathan Ritz will help lead the executive team and take on a range of day-to-day responsibilities from Mark Cloutier.
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Kean Driscoll had been CEO of Validus’ reinsurance division since 2012, becoming president of Validus Holdings in 2017.
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The loss contributed to a $1.6bn quarterly cat loss at new parent AIG.
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Duperreault recognises the quality of the Bermudian reinsurance industry.
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Premiums written by AlphaCat’s low-risk ILS funds overtook its high-risk premiums, as overall assets fell to $3.5bn.
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Validus posted a $1.1mn year-on-year increase in Q1 earnings from the now $3.7bn platform.
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