American International Group, Inc. (NYSE: AIG) today announced that Talbot Group, the Lloyd’s of London insurance and reinsurance specialist acquired through the purchase of Validus Holdings in July 2018, has appointed David Batchelor as Non-Executive Chairman, replacing Rupert Atkin.
Mr. Batchelor’s appointment will be effective following regulatory and Lloyd’s approval.
“On behalf of Talbot, I am delighted to welcome David as non-Executive Chairman,” said Chris Townsend, President and CEO of AIG International General Insurance. “His significant expertise in the London and International markets will greatly benefit AIG and Talbot as we enhance the value proposition for our clients and broker partners. I’d like to thank Rupert for his contribution to Talbot and for enabling a smooth transition post acquisition.”
Mr. Batchelor retired from Marsh earlier this year, where he spent 17 years, most recently as Vice Chairman. Previously at Marsh, Mr. Batchelor served as President of its International Division where he was based in New York and responsible for the firm’s operations outside North America. He is an associate of the Chartered Insurance Institute and a mentor for the Cherie Blair Foundation for Women.
A founder of Talbot, Mr. Atkin will step down after 28 years, having been the active underwriter of syndicate 1183 from 1991 until 2007. Following Validus’ acquisition of Talbot in 2007, he became CEO, a role he held for nine years before becoming Chairman. Under his leadership, Talbot expanded its Specialist offering through innovation and investing in world class talent and analytics.