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Villers to stand down as Aspen Insurance CEO
Former SVB CEO Rupert Villers has signalled his intention to step down as CEO of Aspen's insurance business after just nine months in the role, The Insurance Insider has learnt.
15 September 2010
Great American leads $150mn claim on AIG D&O cover
Great American is the lead insurer on the American International Group (AIG) legacy directors' and officers' (D&O) programme that recently paid out $150mn to settle a derivate class action lawsuit brought by injured investors, The Insurance Insider can reveal.
15 September 2010
Ace on $1.3bn global acquisitions spree
Ace has announced a $1.1bn acquisition of US crop insurer Rain and Hail Insurance Service and a separate $200mn deal to buy Malaysian business Jerneh Insurance Berhad.
15 September 2010
Kiln sets up marine operation in Germany
Lloyd's insurer Kiln has opened its first German office in Frankfurt under the leadership of former Ace underwriter Marcus Zapfe.
15 September 2010
Lloyd’s to consider Scor syndicate for 2011 start
Scor is in the advanced stages of an application to launch a Lloyd's syndicate for a 2011 start, The Insurance Insider can reveal.
15 September 2010
Reserve releases spell danger for US insurers, warns AM Best
AM Best has warned that if the US property and casualty (P&C) industry continues reserve releases into 2011 it will pose a danger to underlying reserve adequacy.
15 September 2010
Founder Reeth to leave Validus
One of Validus's founding executives, George Reeth, is stepping down from the board, The Insurance Insider understands
14 September 2010
Hiscox scales back US operations
Lloyd's and international (re)insurer Hiscox has decided to scale back its US operations in the face of difficult market conditions by selling its bloodstock business and withdrawing from inland marine.
14 September 2010
R&Q acquires Guy Carp run-off operations
UK quoted legacy acquisition firm R&Q has acquired Guy Carpenter's US/UK run-off business Resolution Solutions.
14 September 2010
TigerRisk still eyeing London
Expansive US reinsurance broker TigerRisk is "looking at various options" in London as it seeks to grow its business there, The Insurance Insider understands.
14 September 2010
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