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NAIC meets with the President

Members of the National Association of Insurance Commissioners (NAIC) have met with President Barack Obama, Vice-President Joe Biden and senior members of the administration to discuss 2015 enrolment issues under the Affordable Care Act (ACA)...

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Vermont passes new captive law

The state of Vermont has passed a new bill in its captive insurance law, which has been signed in by governor Peter Shumlin...

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CMC Europe moves into reinsurance consultancy

CMC Europe has named Nick Stammers as director of its newly launched sister company, CMC Insurance...

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Miller Insurance LLP adds to team in Singapore

Miller Insurance Services LLP grows its Singapore hull team with underwriting expert....

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Mutuals face pricing pressure head on

Mutual insurers must differentiate themselves to remain competitive in the face of increasing pricing pressure, according to David Thomas, CEO of market services and solutions at Willis...

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2013 big for global reinsurer capital, Aon reveals

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon has estimated that global reinsurer capital totalled $540 billion at 31 December 2013, an increase of 7 percent ($35 billion) over the year...

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Etiqa gets the thumbs up from RAM

RAM Ratings has reaffirmed the AAA/stable/P1 claims-paying ability ratings of Etiqa Insurance Berhad (EIB)...

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ACE is high, says A.M. Best

A.M. Best has upgraded the financial strength and issuer credit ratings of core property/casualty subsidiaries of ACE...

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New York begins TRIA reauthorisation

US Senator Charles Schumer has reached a crucial bipartisan agreement on legislation that will reauthorise and extend the Terrorism Risk Insurance Act (TRIA) program, which is set to expire at the end of 2014...

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Intel uses captive to fund employee benefits

Intel Corp has received approval by the US Department of Labor (DOL) of their application to fund their employee benefits in their captive. Spring Consulting Group has submitted the application to the DOL on behalf of Intel...

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Wealth planners would do well to consider captives

Where family wealth is derived from an active business, captive insurance can provide significant opportunities to retain and transfer that wealth to other members of the business owner’s family, said a recent article...

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Litigation group joins Sheppard Mullin

A dream team of partners join the firm’s San Diego insurance and business trial practice, and in Los Angeles...

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