Kean Driscoll, the CEO of reinsurer Validus Re, has been appointed president of parent Validus Holdings.

Mr Driscoll will continue as CEO at Validus Re, a position he has held for five years.

Ed Noonan, chairman and CEO of Validus Holdings, said, “Kean has been an outstanding leader and valued partner in guiding Validus Re’s successful growth and diversification since our founding.

“The entire Validus Group will benefit from Kean’s discipline and creativity and we are delighted to have him as our president.”

Validus Holdings is the holding company for reinsurance and insurance operating companies and investment advisers including Validus Re, Talbot Underwriting, Western World Insurance Group and AlphaCat Managers.