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Langhorne Re Bermuda makes senior appointments

Langhorne Re has appointed Marvin Pestcoe as executive chair and CEO and Timothy Gasaatura as chief actuary.

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Bermuda to host summer RIMS Risk Management Academy

Bermuda will host a three-day risk management academy event, organised by RIMS and the Bermuda BDA, between 14 and 17 July this year

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North Carolina captive act amendments delayed

Legislation proposing amendments to the North Carolina captive act, including the addition of a premium tax holiday for captives redomesticating to the domicile, has been delayed by the state’s House Insurance Committee

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Lack of risk solution understanding ‘hindering’ risk professionals

A general lack of understanding of available alternative risk solutions is hindering many risk professionals, according to a report from Marsh and RIMS

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R&Q completed 17 legacy acquisitions in 2018

R&Q completed 17 legacy acquisitions of portfolios or insurance companies/captives in 2018

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Aon: Captives being utilised more effectively and strategically

Captive insurance companies are being utilised more effectively and more strategically to serve their parent companies’ needs, according to Aon's 'Global Risk Management Survey 2019'

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Cayman adds 13 new captives in Q1 2019

The Cayman Islands licensed 13 new captive insurance companies in the first quarter of 2019

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Horseshoe Group names LeMoine as new head of insurance management

Horseshoe Group has appointed Fred LeMoine as its new head of insurance management, succeeding Nigel Godfrey

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Ratings of Sura captive reinsurer affirmed

A.M. Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” of Sura Re, the Bermuda-based captive reinsurer of Sura

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RRGs remain financially stable in 2018 with DPW up 14 percent

RRGs continued to collectively provide specialised coverage to their insureds while remaining financially stable in 2018, according to a report by Demotech

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Marsh and Guy Carpenter to merge fac re operations with JLT

MMC subsidiaries Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with JLT

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Reinsurance dedicated capital down 5 percent at year-end 2018

Reinsurance dedicated capital was down by 5 percent at year-end 2018, according to Willis Re’s latest Reinsurance Market Report

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