AIG Announces Closing of Validus Acquisition
Summary
As part of AIG, Validus adds attractive and diversified franchises, including Validus Re, a leading reinsurance platform; AlphaCat, an insurance-linked securities asset manager; Talbot, a Lloyds syndicate; Western World, a specialist in U.S. small commercial excess and surplus underwriting; and Crop Risk Services, which provides access to the North American crop insurance market.Peter Zaffino, AIGs Chief Executive Officer, General Insurance, said, “We look forward to working with the Validus team on the expanded capabilities and value we can deliver to our clients and broker partners.These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com .Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG’s periodic filings with the SEC pursuant to the Securities Exchange Act of 1934.