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Bermuda to send captive delegation to Canada

Captive insurance experts from Bermuda will head to Canada in May to promote the benefits of setting up captives on the island

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Kansas passes new captive bill

The Kansas state government has passed a bill to update and modernise its captive insurance law

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Rating of Redding Funding secured notes affirmed

A.M. Best has affirmed the long-term issuer credit rating of “a+” on the initial $1.2 billion of 5.75 percent secured notes issued by Redding Funding, a wholly owned subsidiary of Wilton Re

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Nissan captive ratings gear up

Nissan Global Reinsurance has had its financial strength rating upgraded from A- (Excellent) to A (Excellent) and its long-term issuer credit rating upgraded from “a-” to “a” by A.M. Best

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Gibraltar guaranteed post-Brexit access to UK markets

The UK government has guaranteed continued access to UK markets until 2020 for Gibraltar-based financial services firms, regardless of the Brexit deal

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Stenson joins Conyers Dill in Cayman

Conyers Dill and Pearman has appointed Derek Stenson as partner in its Cayman Islands corporate practice

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Beecher Carlson makes executive changes

Beecher Carlson Insurance, a large account risk management broker, has promoted Joseph Siech to CEO and Scott Davis to COO

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‘Crumbling foundations’ homeowners assistance bill rejected

A bill proposing additional assistance for homeowners impacted by the ‘crumbling foundations’ issue in Connecticut has been rejected by the state’s judiciary committee

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Ratings of Accredited S&C affirmed

Accredited Surety and Casualty, Randall and Quilter Group’s property and casualty insurer, has had its financial strength rating of A- (excellent) affirmed by A.M. Best

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Captives covering terrorism risk increase in 2017

The number of captive insurance companies insuring terrorism risk rose in 2017, according to a report from Marsh

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QBE shifts Giles’ responsibilities

QBE Insurance Group has shifted the responsibilities of Phillip Giles, its vice president of sales and marketing

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Georgia captive legislation delayed

New captive insurance legislation has been delayed in Georgia, after a bill was dropped by the state’s senate due to time constraints

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