Chairman & Chief Executive Officer
Edward Noonan has been chairman and chief executive officer of Validus Holdings, Ltd. since its formation. Mr. Noonan has 34 years of experience in the insurance and reinsurance industry, serving most recently as the acting chief executive officer of United America Indemnity Ltd. from February 2005 through October 2005 and as a member of the board of directors from December 2003 to July 2007.
Mr. Noonan served as president and chief executive officer of American Re-Insurance Company from 1997 to 2002, having joined American Re in 1983. Mr. Noonan also served as chairman of Inter-Ocean Reinsurance Holdings of Hamilton, Bermuda from 1997 to 2002. Prior to joining American Re, Mr. Noonan worked at Swiss Reinsurance from 1979 to 1983. Mr. Noonan received a B.S. in Finance from St. John’s University in 1979. Mr. Noonan is also a director of Central Mutual Insurance Company and All American Insurance Company, both of which are property and casualty companies based in Ohio.
Executive Vice President & Chief Financial Officer
Jeff Sangster has served as Executive Vice President and Chief Financial Officer of the Company since February 2013. Mr. Sangster joined the Company in October 2006 and has served in various finance positions during that time, including Chief Accounting Officer and Chief Financial Officer of Validus Reinsurance, Ltd. Mr. Sangster has 19 years of experience in the reinsurance industry and was previously with Endurance, Centre Group and Ernst & Young. Mr. Sangster is a member of the Institute of Chartered Professional Accountants of Bermuda and the Chartered Professional Accountants of Manitoba.
Chief Executive Officer
Peter Bilsby is the Managing Director of Talbot Underwriting Ltd. with responsibility for oversight of all operational support, risk management and governance-related functions across Talbot and its affiliated offices. Mr Bilsby joined Talbot in 2009 as Head of Global Aviation, in April 2010 he was appointed a Director of Talbot Underwriting Ltd. and in 2011 he was appointed Director of Underwriting and Operations. Mr Bilsby began his career as a reinsurance broker for Morgan Read and Sharman (previously Cayzer Steel) in 1986 before moving into underwriting for Syndicate 959 R. J. Busbridge & Others, part of the Octavian Group. In 2001, the group was taken over by Markel International where Mr. Bilsby assumed the role of Managing Director for Aviation and Director of Underwriting Technical Support. Moving to XL Services Ltd in 2005, Mr. Bilsby established himself as the Chief Underwriting Officer for Global Aerospace, as well as holding the position of Deputy to the Head of Global Speciality Lines, Mr Bilsby has served on various senior committees throughout his career.
Executive Vice President & Chief Accounting Officer
Patrick Boisvert was appointed Executive Vice President and Chief Accounting Officer of the Company in July 2016. Prior to his role, he was Managing Director & Chief Financial Officer of Validus Reinsurance (Switzerland) Ltd. Before joining Validus in 2013, Mr. Boisvert was Chief Financial Officer of Flagstone Reinsurance Holdings SA from 2008 to 2012 and Chief Accounting Officer and Treasurer from 2006 to 2008. Prior to joining Flagstone, he was Vice President Fund Administration for BISYS Hedge Fund Services. Mr. Boisvert began his career in 1995 with Ernst & Young in Montreal, Canada. He holds a Bachelor in Accounting from Université du Quebec à Trois-Rivieres, is a member of the C.F.A. Institute and a member of the Canadian Institute of Chartered Accountants.
Chief Executive Officer, Validus Reinsurance, Ltd.
Kean Driscoll is the Chief Executive Officer of Validus Reinsurance, Ltd., the reinsurance segment for the Validus Group. He was a founding member of the Company, and previously served as Chief Underwriting Officer. Mr. Driscoll has 17 years of experience as a reinsurance underwriter, and was previously with Quanta Re, and Zurich Re N.A. (Converium). Mr. Driscoll holds a B.A. in Literature from Colgate University and an M.B.A. from Columbia University, where he graduated with Honors
Executive Vice President & Chief Investment Officer
Anthony Grandolfo has served as Executive Vice President and Chief Investment Officer of Validus Holdings, Ltd. since January 2014. Prior to joining Validus, Mr. Grandolfo was Chief Investment Officer of Universal American Corp. and has over 20 years of investment management experience within the insurance industry, also holding various portfolio management positions at Progressive Capital Management. Mr. Grandolfo holds a B.S. in Economics from Cornell University, is a Chartered Financial Analyst (CFA), and member of the New York Society of Security Analysts.
Director of Strategy, Risk Management & Corporate Development
John Hendrickson, has been a director of Validus Group since its formation. In February 2013, Mr. Hendrickson joined Validus Group as Director of Strategy, Risk Management and Corporate Development. Prior to this, Mr. Hendrickson was the Founder and Managing Partner of SFRi LLC, an independent investment and advisory firm specializing in the insurance industry. From 1995 to 2004, Mr. Hendrickson held various positions with Swiss Re, including as Member of the Executive Board, Head of Capital Partners (Swiss Re's Merchant Banking Division) and Managing Partner of Securitas Capital. From 1985 to 1995, Mr. Hendrickson was with Smith Barney, the U.S. investment banking firm. Mr. Hendrickson has also served as a director of insurance and reinsurance companies, including serving as audit committee chair.
Executive Vice President & Chief Actuary
Executive Vice President & General Counsel
Robert Kuzloski joined the company in January 2009 and served as Executive Vice President and Chief Corporate Legal Officer of the Company until August of 2012 when he was appointed Executive Vice President and General Counsel of the Company. Prior to joining the Company in January of 2009, Mr. Kuzloski served as Senior Vice President and Assistant General Counsel of XL Capital Ltd. Prior to that, Mr. Kuzloski worked as an attorney at the law firm of Cahill Gordon & Reindel LLP where he specialized in general corporate and securities law, mergers and acquisitions and corporate finance.
President & Chief Executive Officer
Robert Livingston became President and Chief Executive Officer of Western World Insurance Group on January 1, 2015.
The Western World Insurance companies specialize in Commercial General Liability, Professional Liability, and Commercial Property insurance coverages. The Group carries the A (Excellent) rating from A.M. Best Company, and in 2014 had revenues of $317 million, assets of $1.5 billion and shareholders’ equity of $704 million. The Western World group of companies became a fully-owned subsidiary of Validus Holdings, Ltd. in 2014.
Mr. Livingston began his career at AIG in 1972 as an accountant. He left the company as Assistant Accounting Manger to join Western World in 1977. Mr. Livingston first became an officer of Western World Insurance Group in 1980 when he was elected Assistant Treasurer and has held positions of increasing responsibility in accounting, finance and operations management before being elected to his current position.
He received his MBA from Pace University and BA from Taylor University and is a former member of the Taylor University’s Alumni Council. Additionally, Mr. Livingston is a director of the Property Casualty Insurers Association of America (PCI) and the Derek Hughes/NAPSLO Educational Foundation.
Mr. Livingston has 4 children, 8 grandchildren, and resides in Wanaque, NJ.
Executive Vice President & Chief Operating Officer
Michael Moore serves as Executive Vice President and Group Chief Operating Officer of the Company, a position he has held since May 2016, having previously held the position of Chief Accounting Officer since June 2013. Mr. Moore has over 20 years of experience, including 16 years in the insurance and reinsurance industry. Prior to joining Validus , Mr. Moore served as a Senior Vice President, Corporate Operations at Axis Capital, Chief Accounting Officer at Endurance Specialty Holdings Ltd. and as a Senior Manager with Ernst & Young. Mr. Moore received a Bachelor of Commerce, with distinction, from the University of Alberta in 1993 and he is a Chartered Accountant and member of the Chartered Professional Accountants of Bermuda and Chartered Professional Accountants of Canada.
Executive Vice President & Group Chief Risk Officer
Romel Salam serves as Executive Vice President and Chief Risk Officer of the Company, a position he has held since April 2013. He was promoted to his current role after serving for three years as Chief Actuary and Chief Risk Officer of Validus Reinsurance, Ltd, the reinsurance arm of Validus Group. Prior to joining the Company in 2010, Romel was a Senior Vice President at Transatlantic Reinsurance where he spent 20 years in positions of increasing responsibility. Romel is a Fellow of the Casualty of Actuarial Society and a Member of the American Academy of Actuaries.
Executive Vice President and Head of Validus Specialty
Jonathan Ritz serves as Executive Vice President and Head of Validus Specialty, a position he has held since May 2016, having previously held the position of Chief Operating Officer since October 2010. Mr. Ritz has over 20 years of experience in the (re)insurance and brokerage industries. Most recently, Mr. Ritz served as Chief Operating Officer of IFG Companies-Burlington Insurance Group. Prior to IFG, Mr. Ritz served as Chief Operating Officer of the specialty lines division of ICAT Holdings LLC. From 2007 to 2008, Mr. Ritz was a Managing Director at Guy Carpenter and from 1997 to 2007 he held various positions with United America Insurance Group including Chief Operating Officer and Senior Vice President of ceded reinsurance.
Chief Executive Officer, AlphaCat Managers Ltd.
Lixin Zeng, Ph.D., CFA, is the Chief Executive Officer of AlphaCat Managers Ltd. and has played a key role in the Manager since its formation in 2008. Prior to this role, he was Executive Risk Officer of Validus Reinsurance Ltd, responsible for developing and executing the catastrophe risk strategy of the entire Validus Group. Dr. Zeng was one of the original employees at the founding of Validus in 2005. His prior positions include: Chief Catastrophe Risk Officer at the ACE Group from 2004 to 2005, Head of Development at Willis Re Inc from 2001 to 2004, Analyst at EW Blanch Co. from 1998 to 2001 and Research Scientist at Arkwright Mutual Insurance Co from 1996 to 1998. Mr. Zeng has expertise in insurance portfolio optimization and risk management and has published multiple articles in professional journals on related topics. He has a Ph.D. in atmospheric sciences from the University of Washington where he graduated in 1996. He received a B.S. in Meteorology from Beijing University, graduating in 1990 and is a CFA charterholder.