Private equity house takes "significant stake" in Validus


The move will see Validus chairman Philip Easter and two members of its executive steam step down. 

Mike Srokowski, chief executive of the Norwich-based business,  is set to stay on as CEO.

He said the investment is capable of taking the company "up several more gears".

Mr Srokowski explained: "LDC's investment illustrates their confidence in our ability to exploit the numerous opportunities that exist for profitable growth."

Mr Easter will be replaced by Paul Hewitt as chairman while

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