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L&C appoints Kate Miller as head of institutions

London & Capital (L&C) has appointed Kate Miller as head of institutions

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KBRA Europe registered by ESMA

Kroll Bond Rating Agency Europe has officially been registered as a credit rating agency by the European Securities and Markets Authority (ESMA), effective 13 November

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Captive insurance scholarships awarded in Bahamas

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has selected two recipients for the Associates in Captive Insurance designation scholarships

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SRS acquires Barbados captive manager

Strategic Risk Solutions (SRS) has acquired the operations of CGE Group, a Barbados captive manager

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Revised outlook for SBLI

A.M. Best has revised The Savings Bank Mutual Life Insurance Company of Massachusetts’ (SBLI) long-term issuer credit rating outlook from stable to negative

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Captives dragged into Paradise Papers furore

The captive insurance industry has for the first time been implicated in the so-called Paradise Papers, as a US businessman was identified in one of the leaked documents as a director of a captive insurer

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CICA and Butler form professional development partnership

The Captive Insurance Companies Association (CICA) and the Davey Risk Management and Insurance Program at Butler University have formed a new professional development partnership

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Eurobase’s synergy2 to support Sigurd’s captive operations

Sigurd Rück AG (Sigurd), the captive of Saipem domiciled in Zurich, Switzerland, has selected Eurobase Insurance Solutions’s synergy2 to support its captive operations

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Chubb promotes Barry Beard

Chubb has promoted Barry Beard as head of global services and complex multinational UK and Ireland

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A.M. Best upgrades AES’s captive ratings

A.M Best has upgraded the financial strength rating of AES Global Insurance Company (AGIC) from B+ (Good) to B++ (Good)

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US hurricanes set to drive up reinsurance prices

Losses resulting from hurricanes Harvey, Irma and Maria, as well as the recent earthquake in Mexico City, are likely to change the dynamic of the reinsurance industry, in a positive way

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Allianz explores blockchain for captives

Allianz Global Corporate & Specialty has implemented a blockchain prototype for a global captive insurance programme, intended to improve the efficiency of international corporate insurance transactions

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