Bermuda brief for College Hill

City agency College Hill has picked up the international account for Bermuda-based Validus Reinsurance.

Validus wants corporate and financial support to position the New York Stock Exchange-listed firm as a successful international company.

The firm acquired insurance firm Talbot last year and in its fourth quarter results last month said it had 'recognized $81 million of net income against the purchase price of $382 million'.

Talbot  was a strategic purchase designed to change the company 'from a Bermuda-only reinsurance platform to a globally diversified specialty insurance and reinsurance group'.

College Hill partner Tony Friend heads the account.

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