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  • The International Underwriting Association (IUA) has laid out plans to improve the London market's global role as part of its 2013 annual review, published last week
  • Diversified run-off to live insurance services provider Randall & Quilter (R&Q) has appointed Andrew Matthews as managing director of R&Q Insurance Management (Gibraltar), previously known as R&Q Caledonian
  • Sirius International Insurance Corporation has obtained approval to run its Lloyd's Syndicate 1945 through its own managing agency effective from today (1 July), confirming the news first reported by The Insurance Insider
  • There was significant rate softening across the global property catastrophe market at the 1 June and 1 July renewals, led by Florida and US nationwide accounts that also saw widespread broadening of terms and conditions, according to Willis Re
  • Bermudian (re)insurer Hamilton Re has added to its underwriting cadre by luring Richard Sammons from QBE Re as senior vice president of specialty.
  • Tower Group's shares plummeted by 19 percent in early trading in New York this morning after fresh doubts emerged over its proposed acquisition by Bermudian vehicle ACP Re.
  • A look-up table for The Insurance Insider's universe of P&C (re)insurers
  • Bermudian (re)insurer Validus was the biggest riser in the Insider 30 composite last week, climbing almost 2 percent as investors gave their seal of approval to the company's $690mn takeover of US carrier Western World.
  • Run-off acquirer Catalina has sealed a $77mn deal with US construction insurer NationsBuilders Insurance Company (NBIC).
  • Tighter US tax regulation could be in the pipeline for hedge fund-backed reinsurers, amid calls from lawmakers for tougher tax treatment of investors in the offshore vehicles.