29 August 2017Insurance

Western World appoints Endurance exec as vice president

Bermuda-based re/insurer Validus Holdings has appointed Troy Fornof as vice president of underwriting and marketing, contract division, at Western World Insurance Company.

Validus acquired the specialty US insurer Western World in 2014.

Fornof joins Western World from Endurance Insurance, where he most recently served as senior vice president and national distribution director. He was also director of branch development and operations at USG Insurance Services and vice president of CRC Insurance Services.

In his new role he will be based in Parsippany, New Jersey, and will work closely with Tim Hochkeppel, Gary Tiepelman and Rosemary D'Aco to continue the expansion of the contract binding authority business.

Bob Livingston, president and CEO of Western World, said: "We are excited for Troy to join our team as a Vice President of Western World. Given his extensive knowledge of our industry and his clear understanding of what it takes to build and manage a successful operations strategy, we look forward to working with him to further expand our existing distribution network."

Fornof commented: "I am thrilled to be joining Western World and am eager to help them continue to grow their position as a leader in the E&S market. There is great opportunity for me here and I can’t wait to get started."

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28 July 2017   Bermuda-based Validus Holdings has reported net income for the second quarter of 2017 of $101.1 million, an increase on the $95 million it made in the second quarter of 2016.