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  • 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.
  • The success of proposed (re)insurance facilities targeting oil and gas companies' drilling platforms along the US coast will hinge on demand and pricing, say industry leaders.
  • Malcolm Payton, head of global property facultative reinsurance at JLT Re, is joining GCFac, sister publication Inside FAC has revealed.
  • AmTrust Europe - the UK insurance company that rebranded from IGI earlier this year - has unexpectedly parted company with its CEO Keith Wardell.
  • Excess capital in the reinsurance market is continuing to push down global rates dangerously close to loss-making territory, according to broker Guy Carpenter.
  • Lloyd's underwriting profits will be thin on the ground for the first half of the year but this has done little to deter the queue of potential arrivals at the three-hundred year-old market.
  • Munich Re has committed a $2bn line to a proposed industry offering that it says has the potential to create $10bn-$20bn in new liability cover from the international (re)insurance industry for offshore drilling operations around the US coast.