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Aug 28, 2017

Western World Appoints Troy Fornof as Vice President

PEMBROKE, Bermuda--(BUSINESS WIRE)--Aug. 28, 2017-- Validus Holdings, Ltd. (NYSE:VR) (“Validus”), today announced the appointment of Troy Fornof as Vice President of Underwriting and Marketing, Contract Division, at Western World Insurance Company (“Western World’), effective August 28, 2017.

Based in Parsippany, New Jersey, Troy will be working closely with Tim Hochkeppel, Gary Tiepelman and Rosemary D'Aco to continue the expansion of the Contract Binding Authority business. Troy brings over 25 years of insurance industry experience to Western World. Prior to joining, Troy served as Senior Vice President and National Distribution Director at Endurance Insurance. He was also Director of Branch Development and Operations at USG Insurance Services and Vice President of CRC Insurance Services.

Bob Livingston, President and CEO of Western World stated: “We are excited for Troy to join our team as a Vice President of Western World. Given his extensive knowledge of our industry and his clear understanding of what it takes to build and manage a successful operations strategy, we look forward to working with him to further expand our existing distribution network.”

Troy said, "I am thrilled to be joining Western World and am eager to help them continue to grow their position as a leader in the E&S market. There is great opportunity for me here and I can’t wait to get started.”

Troy holds a B.A. in Communication and Media Studies from Slippery Rock University of Pennsylvania and was recognized on Insurance Business America’s 2015 Hot 100 list. He has served on the Legislative Committees of both the American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO).

About Western World Insurance Group, Inc.

Western World Insurance Group, Inc., through its subsidiaries, is a specialty U.S. commercial insurer, offering insurance products on a surplus lines and admitted basis. Western World’s three operating companies are domiciled in New Hampshire and are headquartered in Parsippany, New Jersey.

About Validus Holdings, Ltd.

Validus Holdings, Ltd. (“Validus”) is a holding company for reinsurance and insurance operating companies and investment advisors including Validus Reinsurance, Ltd. (“Validus Re”), Talbot Underwriting Ltd. (“Talbot”), Western World Insurance Group, Inc. (“Western World”) and AlphaCat Managers, Ltd. (“AlphaCat”).

Validus Re is a global reinsurance group focused primarily on treaty reinsurance. Talbot is a specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Western World is a U.S. specialty lines insurance group focused on excess and surplus lines. AlphaCat is a Bermuda based investment advisor managing capital for third parties and Validus in insurance linked securities and other property catastrophe and specialty reinsurance investments.

Source: Validus Holdings, Ltd.

Western World Insurance Group
+1-201-847-8600
or
Media:
Brunswick Group
Charlotte Connerton / Mustafa Riffat
+1-212-333-3810
Validus@brunswickgroup.com