Validus creates crisis management solutions

Validus Specialty Underwriting Services has announced the launch of its crisis management insurance solutions.

The expansion leveraged Talbot Underwriting’s (Lloyd’s syndicate 1183) existing crisis management expertise and established a complementary offering focused on the US middle-market. The new portfolio will comprise of two main classes of coverage: product contamination, including product recall, and auto component recall.

According to Validus Specialty the buildout has further diversified its product suite and strengthened its underwriting talent to serve its growing customer base. Jane McCarthy concurrently joined the company as senior vice president of US crisis management. She will establish a New York City based team, complimenting the organisation’s global Lloyd’s placed business.

Jonathan Ritz, chief executive officer of Validus Specialty, said, “Crisis management compliments our business well and Jane has the expertise and relationships to stand up this portfolio quickly. We’ve established an entrepreneurial and underwriting-centric culture here, I expect her team will thrive.”

McCarthy brings over 33 years of experience in production underwriting, portfolio and profit center management. Most recently, she was senior vice president, global head and chief underwriting officer of global crisis management at Liberty International Underwriters.

“I joined Validus because it empowers underwriters’ decision making and aims squarely at serving brokers better than others,” said McCarthy. “I look forward to putting my knowledge and experience in crisis management to good use here.”