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Validus Specialty Hires Corina Monaghan to Political Risk and Credit Team in New York

06 Nov 2018

NEW YORK--(BUSINESS WIRE)--Validus Specialty Underwriting Services, Inc. (“Validus Specialty”) today announced the hire of Corina Monaghan to lead its U.S. Political Risk and Credit Insurance team, based in New York. Validus Specialty provides brokers and clients in the Americas with a one-stop shop to access Political Risk and Credit insurance capacity from the Lloyd’s market, offering commercial counterparty, sovereign and country risks across a wide variety of sectors, geographies and structured trade finance products.

Corina Monaghan has joined the company as Senior Vice President, Head of Political Risk & Trade Credit to strengthen its Political Risk and Credit insurance team, based in New York. Corina brings to Validus her expertise in political risk, both public and private sector underwriting, and broking, as well as her deep client relationship network in both North and South America, and across Europe, leveraging her fluency in German, Spanish and Portuguese. Previously, Corina was head of Political Risks for JLT North America where she spearheaded consulting and brokerage of crisis management.

With Corina’s hire, Validus Specialty will build on the success of their established $255 million binding authority, as well as its own significant dedicated capacity. Jonathan Ritz, CEO of Validus Specialty, added, “Attracting a leader like Corina underscores that our entrepreneurial culture appeals to top-notch industry talent. Political Risk and Credit insurance is already an important piece in our growing product suite, she’s well poised to make it more so.”

Commenting on her appointment, Corina said, “Validus Specialty has a strong, ambitious team in place. It’s a privilege to join them and build out the company’s capabilities further.”

About Validus Specialty

Validus Specialty is the brand used by Validus Specialty Underwriting Services, Inc. Brokers and clients look to Validus Specialty for a wide range of both excess and surplus and admitted insurance solutions, with the flexibility of ‘A’ rated U.S. and Lloyd’s paper. The company offers enhanced distribution access, excellent technical underwriting and claims management, and access to leading underwriting capacity. Validus Specialty is a member company of AIG. To learn more, visit validusspecialty.com

Contacts

Investors:
AIG
Liz Werner, 212-770-7074
elizabeth.werner@aig.com
or
Media:
Brunswick Group
Charlotte Connerton / Mustafa Riffat
+1-212-333-3810