Validus Holdings Opens New Office In Boston

January 14, 2015

Bermuda-based Validus Holdings, Ltd. has opened a new office in Boston, Massachusetts.

“The operation, Validus Underwriters, Inc., further strengthens the Company’s U.S. platform and joins Validus’ U.S. locations in Miami, New York, and Franklin Lakes, New Jersey, headquarters of recently acquired Western World Insurance Group, Inc.,” the company said.

“Validus’ Boston office will be home to the Company’s new Property Brokerage team. Business will be exclusively produced through wholesale brokers, written on Western World paper, and comprised of U.S. surplus lines risks.

“The Property Brokerage Business will be led by Bill Steinberg. Bill has 20 years of experience in the insurance industry, 17 of which were spent underwriting and managing highly regarded excess and surplus (E&S) property portfolios.

“Steve Nadeau, who has worked with Bill in the past, also brings a wealth of experience to the new team, having over 20 years of industry experience, 14 of which focused on underwriting and managing E&S property business.”

Ed Noonan, Validus’ Chairman and Chief Executive Officer, said: “The launch of our Property Brokerage Unit in conjunction with the opening of our Boston office adds to Validus’ growing presence in the United States following our recent acquisition of Western World. Bill Steinberg and Steve Nadeau are deeply experienced and uccessful underwriters and they make a great addition to our U.S. and global property account. We are very pleased to have them join Validus.”

“Validus’ Boston office is located at 101 Federal Street, Suite 1613.”

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