Validus re-orgs, Zeng adds Global Head of Asset Management role

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Validus Holdings, Ltd., the Bermudian insurance, reinsurance and third-party capital management firm (through its AlphaCat Managers Ltd. unit), has announced a re-organisation of its reportable segments, naming three new global leaders, including Lixin Zeng, CEO of AlphaCat, taking on a Global Head of Asset Management role.

Validus has named new global leadership executives, to match the new re-organisation into three new reportable segments, Reinsurance, Insurance and Asset Management.

Kean Driscoll takes on the position of Global Head of Reinsurance, on top of existing roles as President of Validus Holdings, Ltd. and Chief Executive Officer of Validus Reinsurance, Ltd.

Peter Bilsby takes on the Global Head of Insurance role, in addition to his current position as Chief Executive Officer of the Talbot Group.

Finally, Lixin Zeng takes a role as Global Head of Asset Management business at Validus, in addition to his role as Chief Executive Officer of the third-party reinsurance capital and ILS fund management unit AlphaCat Managers Ltd.

Ed Noonan, Validus’ Chairman and Chief Executive Officer of Validus, commented, “These internal appointments are a strong reflection of the depth of the Validus management team and these executives will be responsible for developing strategy and driving profitable growth across our Reinsurance, Insurance and Asset Management businesses, respectively.”

Validus also announced further changes in the Insurance segment at the re/insurance group, naming Bob Livingston as Chairman of Western World Insurance Group, Inc., as well as his current role as Chief Executive Officer of Western World Insurance Group, Inc. and Jonathan Ritz as President of Western World Insurance Group, Inc., in addition to his existing role as Chief Executive Officer of Validus Specialty.

Peter Bilsby, Global Head of Insurance and CEO Talbot, said, “Bob and Jonathan have been integral to the success of our U.S. insurance business. I am looking forward to their continued leadership as we strengthen our existing business and pursue growth and new opportunities in the U.S. market.”

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