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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
Offshore drilling proposals will boil down to demand and price
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.
14 September 2010
Payton to join GCFac
Malcolm Payton, head of global property facultative reinsurance at JLT Re, is joining GCFac, sister publication Inside FAC has revealed.
14 September 2010
AmTrust Europe parts company with CEO
AmTrust Europe - the UK insurance company that rebranded from IGI earlier this year - has unexpectedly parted company with its CEO Keith Wardell.
14 September 2010
Guy Carp: industry has $13bn excess capital
Excess capital in the reinsurance market is continuing to push down global rates dangerously close to loss-making territory, according to broker Guy Carpenter.
14 September 2010
Ward: Lloyd's has $2.5bn in 2010 1H cat losses
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.
14 September 2010
Munich Re in call for $20bn industry energy drive
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.
14 September 2010
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