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Validus Specialty Hires Corina Monaghan to Political Risk and Credit Team in New York


Validus Specialty Underwriting Services, Inc. ("Validus Specialty")
today announced the hire of Corina Monaghan to lead its U.S. Political
Risk and Credit Insurance team, based in New York. Validus Specialty
provides brokers and clients in the Americas with a one-stop shop to
access Political Risk and Credit insurance capacity from the Lloyd's
market, offering commercial counterparty, sovereign and country risks
across a wide variety of sectors, geographies and structured trade
finance products.

Corina Monaghan has joined the company as Senior Vice President, Head of
Political Risk & Trade Credit to strengthen its Political Risk and
Credit insurance team, based in New York. Corina brings to Validus her
expertise in political risk, both public and private sector
underwriting, and broking, as well as her deep client relationship
network in both North and South America, and across Europe, leveraging
her fluency in German, Spanish and Portuguese. Previously, Corina was
head of Political Risks for JLT North America where she spearheaded
consulting and brokerage of crisis management.

With Corina's hire, Validus Specialty will build on the success of their
established $255 million binding authority, as well as its own
significant dedicated capacity. Jonathan Ritz, CEO of Validus Specialty,
added, "Attracting a leader like Corina underscores that our
entrepreneurial culture appeals to top-notch industry talent. Political
Risk and Credit insurance is already an important piece in our growing
product suite, she's well poised to make it more so."

Commenting on her appointment, Corina said, "Validus Specialty has a
strong, ambitious team in place. It's a privilege to join them and build
out the company's capabilities further."

About Validus Specialty

Validus Specialty is the brand used by Validus Specialty Underwriting
Services, Inc. Brokers and clients look to Validus Specialty for a wide
range of both excess and surplus and admitted insurance solutions, with
the flexibility of ‘A' rated U.S. and Lloyd's paper. The company offers
enhanced distribution access, excellent technical underwriting and
claims management, and access to leading underwriting capacity. Validus
Specialty is a member company of AIG. To learn more, visit

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