NEW YORK--(BUSINESS WIRE)--Mar. 8, 2018-- Validus Specialty Underwriting Services, Inc. (“Validus Specialty”) today announced the expansion of its product portfolio with an admitted, private company Commercial Directors and Officers (D&O) policy. With broad coverage, the new form provides management liability protection for private company business leaders. The offering is fully customizable and can provide D&O, Employment Practices Liability, Fiduciary Liability, and Commercial Crime & Cyber Liability, on a combined or standalone basis.
“This private company D&O offering further fills out our suite of professional lines products at Validus. Brokers and clients should consider this team a go-to market for management liability solutions,” said Cathy Cossu, Senior Vice President of Professional Lines.
Concurrently, Julianne McAdams joined the company as Senior Underwriter of Commercial Directors and Officers Liability. Julianne will be based in Validus Specialty’s Atlanta offices and focus on complex risks across mid to upper middle market clients, inclusive of Public and Non Profit organizations.
According to Julia Keenan, Vice President of Commercial D&O, “The market has learned to expect superior service and flexible solutions from our team. Julianne now brings that same approach to the southern U.S., particularly for the Oil and Gas sectors. This is a great way to build upon other verticals, specifically in the Private Equity space.”
The growing team of Commercial D&O leaders at Validus Specialty include underwriters Pat Barton and Sharon Fusco, who manage the private company and non-profit sectors, respectively. The team offers fully customizable and manuscript policies to proactively mitigate management liability exposures, for both traditional and emerging risks.
The Commercial D&O team is part of Validus Specialty’s Professional Lines group, led by Ms. Cossu. The group has enjoyed broadening capacity and a growing product portfolio, including the recently announced Fintech package and Standalone Cyber policies.
Jonathan Ritz, CEO of Validus Specialty added, “Given the significant expertise this team is building out and our appetite, brokers and clients recognize they now have a vital underwriting team at hand.”
Validus Specialty Underwriters
Validus Specialty offers a wide range of E&S and Admitted insurance solutions and operates on behalf of Western World Insurance Group and Talbot Underwriting Ltd., through Syndicate 1183.
With the flexibility of offering ‘A’ rated Lloyd’s paper and ‘A’ rated U.S. domestic excess & surplus lines and admitted paper through Western World insurance companies, Validus Specialty offers enhanced distribution access, excellent technical underwriting and claims management, and access to leading underwriting capacity.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. (NYSE: VR) is a leading global provider of reinsurance, insurance, and asset management services. Validus companies maintain a worldwide presence with more than 1,000 employees in 17 offices. Learn more at validusholdings.com.
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat