Log In

Reset Password

Clements named CEO of Validus Re

Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group.

He takes over from Kean Driscoll, who has been appointed AIG's global chief underwriting officer for property and agriculture, general insurance.

Mr Clements was previously chief underwriting officer at Validus.

Mr Driscoll was a founding member of Validus. Before becoming CEO at Validus Re, he was the company's chief underwriting officer.

He has more than 20 years' experience as a reinsurance underwriter, and was previously with Quanta Re and Zurich Re.

AIG acquired Validus Holdings a year ago in a deal worth about $5.5 billion deal.

AIG, the New York-based insurer headed by Brian Duperreault, also announced that Alexander Baugh has been appointed global chief underwriting officer for casualty and financial lines, general insurance.

“These leadership appointments strengthen our focus on underwriting excellence,” Peter Zaffino, president and CEO, AIG General Insurance, and global chief operating officer, AIG, said.

Mr Driscoll and Mr Baugh will report to Tom Bolt, global chief underwriting officer, AIG General Insurance.

Moving up: Kean Driscoll has left the CEO's role at Validus Re to take a top underwriting position at parent company AIG

You must be Registered or to post comment or to vote.

Published June 07, 2019 at 9:00 am (Updated June 07, 2019 at 9:33 am)

Clements named CEO of Validus Re

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon