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Le Poidevin to leave Guernsey Finance

Fiona Le Poidevin has resigned as chief executive of Guernsey Finance...

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PCIC downgraded

A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to "bb" from "bbb-" for Preferred Contractors Insurance Company Risk Retention Group (PCIC)...

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Insured losses from natural disasters down in 2014

Economic losses from global natural disasters during the six-month period ending 30 June 2014 totalled $54 billion, down from $95 billion in 2013, according to data from Aon Benfield...

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MedStar Health captive forced to settle

The US District Court of Appeals has ruled that Greenspring Financial Insurance, the captive insurer of MedStar Health, is liable for defending and settling a lawsuit filed against a staffing agency nurse at the Washington DC Hospital Center...

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Willis hires two in Singapore

Willis Group Holdings has appointed two regional leaders. Both will based in Singapore...

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NGIC scores straight A ratings

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont (NGIC). The outlook for both ratings is stable...

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Volkswagen captive goes live with synergy2

Volkswagen Insurance Company (VICO), a wholly-owned, Dublin-based captive insurer of Volkswagen and subsidiary of Volkswagen Financial Services AG, have successfully gone live with Eurobase Insurance Solutions’ administration platform, synergy2...

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Simon Smith joins GC

Guy Carpenter & Company, LLC, has appointed Simon Smith as the head of Europe, Middle East and Africa, effective 1 September 2014...

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Saito retains his post at Hawaii's DCCA

Hawaii Insurance Commissioner Gordon Ito has appointed Sanford Saito as deputy commissioner and captive insurance administrator for the Department of Commerce and Consumer Affairs (DCCA) Insurance Division...

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New leadership roles at Integro

Integro Insurance Brokers have appointed of Ruth Kilduff as chairman, and Anne Anderson as president of its US operations, Integro USA...

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Gallagher acquires FSI

Arthur J. Gallagher & Co. has acquired Foundation Strategies (FSI) of Katy, Texas, though the terms of the transaction have not yet been disclosed...

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African captive gets approval and new location

New Zealand-based cell-captive insurer Centriq has been awarded an A+ rating by the Global Credit Rating (GCR) Company for the sixth year in a row...

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