Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Validus Re: business as usual after AIG bid

  • Sofia Geraghty 22 January 2018
  • Validus Re CEO Kean Driscoll has told counterparties that the reinsurance platform will have room to significantly expand under AIG ownership.

    In a letter disclosed as part of the filings announcing the $5.6bn bid this morning, Driscoll said that following the deal Validus Re would operate largely as it did today within AIG's general insurance business.

    "The access to one of the biggest balance sheets in the global markets will allow us to meaningfully expand our business, and specifically our...

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