AIG has introduced that Talbot Group, the Lloyd’s of London insurance coverage and reinsurance specialist acquired by means of the acquisition of Validus Holdings in July 2018, has appointed David Batchelor as non-executive chairman.
Batchelor succeeds Talbot founder Rupert Atkin who's
stepping down after 28 years, having been the energetic underwriter of syndicate
1183 from 1991 till 2007. Following Validus’ acquisition of Talbot in 2007, he
grew to become CEO, a job he held for 9 years earlier than turning into chairman.
Batchelor retired from Marsh earlier this yr, the place
he spent 17 years, most just lately as vice chairman. Beforehand at Marsh,
Batchelor served as president of its Worldwide Division the place he was primarily based
in New York and answerable for the agency’s operations exterior North America. He
is an affiliate of the Chartered Insurance coverage Institute and a mentor for the
Cherie Blair Basis for Girls.
“On behalf of Talbot, I'm delighted to welcome David
as non-Government Chairman,” mentioned Chris Townsend, President and CEO of AIG
Worldwide Basic Insurance coverage. “His vital experience within the London
and Worldwide markets will drastically profit AIG and Talbot as we improve the
worth proposition for our purchasers and dealer companions. I’d wish to thank Rupert
for his contribution to Talbot and for enabling a easy transition submit
acquisition.”
Batchelor’s
appointment can be efficient following regulatory and Lloyd’s approval.
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