Talbot Underwriting Asia Appointment

January 26, 2012

Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., today [Jan.26] announced the appointment of Joe Wee as Regional Construction Underwriter at Singapore-based Talbot Risk Services Pte Ltd.

Mr. Wee brings specialist construction expertise to support the growth of Talbot in Asia after nine years with Allianz in a comparable regional role. He will join Talbot’s team of five underwriters in Asia.

James Skinner, Active Underwriter at Talbot commented, “We are delighted to welcome Joe to Talbot to boost our underwriting team in Singapore. Construction remains at the forefront of our plans for development in Asia and Joe’s experience will broaden our capabilities in this vital region.”

John Ewington, Principal Officer of Talbot’s Singapore office said, “The addition of Joe Wee to our team in Singapore complements the other classes in which we are actively engaged and will enable us to respond even more effectively to the demands of our clients and brokers on the major projects being constructed in Asia.”

Talbot Holdings Ltd. was established in November 2001 and operates primarily within the Lloyd’s insurance market through Syndicate 1183. It was acquired by Bermuda-based Validus Holdings, Ltd. in July 2007.

Syndicate 1183 focuses on underwriting a number of specialty risks, with particularly strong franchises in marine, aviation, transport, energy, terrorism, political risk, accident and health, construction, contingency, financial institutions, property and treaty reinsurance. Syndicate 1183 has capacity of £600 million for the 2012 year of account.

Validus Holdings, Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries — Validus Reinsurance, Ltd. and Talbot Holdings Ltd. With offices on Par-La-Ville Road, Validus Re is a reinsurer focused on short-tail lines of reinsurance.

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