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  • 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.
  • 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.
  • 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.
  • Lloyd's insurer Kiln has opened its first German office in Frankfurt under the leadership of former Ace underwriter Marcus Zapfe.
  • Scor is in the advanced stages of an application to launch a Lloyd's syndicate for a 2011 start, The Insurance Insider can reveal.
  • 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.
  • One of Validus's founding executives, George Reeth, is stepping down from the board, The Insurance Insider understands
  • 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.
  • UK quoted legacy acquisition firm R&Q has acquired Guy Carpenter's US/UK run-off business Resolution Solutions.
  • Expansive US reinsurance broker TigerRisk is "looking at various options" in London as it seeks to grow its business there, The Insurance Insider understands.