AIG's Validus Re CEO and US property head depart

Validus Re chief executive officer (CEO) Jeff Clements and head of US property Chris Silvester have both left the American International Group (AIG).

Chris Schaper has been named new CEO of Validus Re. He will take on his new responsibilities in addition to his existing duties as chief executive officer of AIG Re.

In a note sent to AIG staff, seen by Intelligent Insurer, Schaper said that AIG Re wants to establish itself as “a growing, profitable global leader in the reinsurance, retrocessional and ILS markets with a reputation for top-performing talent.”

Schaper added: “Since forming AIG Re in 2019, our businesses have made meaningful progress delivering differentiated reinsurance and capital market solutions to our brokers, cedants and investors.”