Feb 06, 2018
Validus Specialty Launches Standalone Cyber Insurance Product
NEW YORK--(BUSINESS WIRE)--Feb. 6, 2018--
The Cyber and Technology insurance group of Validus Specialty
Underwriting Services, Inc. (“Validus Specialty”) further expanded its
offering with a standalone cyber insurance product focused on privacy
and network protection coverage. The solution will meet the cyber risk
challenges faced by U.S. companies with revenue between $150M-$2.5B, and
offer comprehensive cyber insurance protection with risk mitigation and
“Cyber exposures change rapidly. Increasingly, businesses beyond the
enterprise level understand robust cyber insurance solutions are
essential to their risk management,” said Jackie Lee, Validus
Specialty’s Vice President of Cyber Technology and Errors & Omissions,
“With this product, companies will have the protection they need,
complimented by extended vendor services to help navigate incidents.”
The product has been designed to provide cyber insurance protection
across a range of client industries. It will be written out of Validus
Jonathan Ritz, CEO of Validus Specialty added, “With this new cyber
insurance product, our underwriters are meeting the needs of U.S.
brokers and clients by broadening our suite of offerings yet again. I’m
pleased to see this group consistently expanding; it’s a lynchpin in our
insurance growth strategy.”
Jackie leads the Cyber and Technology insurance group and has over 18
years of experience in the insurance sector, primarily in cyber
technology and errors & omissions (E&O). The group includes Senior
Underwriter Mary Spicer, who previously held roles at Aon Risk Services
and Nationwide specializing in Cyber and E&O risks, and Underwriter
Kevin Masone, who joins Validus Specialty from Nationwide.
Commenting on the team’s development, Jackie added, “As we accelerate
the build-out of our capabilities in the U.S., a continued priority is
applying strong underwriting talent to serve our brokers and clients.
We’re pleased Kevin joined the team. He brings a depth of experience in
cyber risk management.”
more about Validus Specialty’s Standalone Cyber Product here.
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. is a leading global provider of reinsurance,
insurance, and asset management services, delivering its premier
solutions through four diversified yet complementary operating
companies: Validus Reinsurance, Ltd., a global reinsurance group focused
primarily on treaty reinsurance; Talbot Underwriting Ltd., a specialty
(re)insurance group operating within the Lloyd’s market through
Syndicate 1183; Western World Insurance Group, Inc., a US specialty
lines organization; and AlphaCat Managers, Ltd., a Bermuda-based
investment advisor managing capital for third parties and Validus
through insurance-linked securities and other property catastrophe and
specialty reinsurance investments.
Research and analytics are at the core of Validus’ operations and
provide its team of expert practitioners with the knowledge and insight
required to effectively model and interpret risk – an approach that
consistently benefits clients and ensures their needs are met. Validus
maintains a worldwide presence with more than 1,000 employees in 19
offices across all major regions and is listed on the New York Stock
Exchange under the ticker symbol VR.
More information about the Validus group of companies can be found at validusholdings.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180206005249/en/
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat