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Howden acquires TigerRisk to create combined reinsurance business

Howden Group Holdings is set to acquire TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industry, to create a US$30 billion gross written premium business

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Marsh: Insurance informs cyber risk management strategy

Insurance is a key component of cyber risk management strategy and influences the adoption of best practices and controls, according to a new Cyber Risk Survey by Marsh and Microsoft

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Demotech: RRGs show financial stability

RRGs collectively reported a slight increase to policyholders’ surplus in Q1 2022 while remaining financially stable, according to an analysis report by Douglas Powell, senior financial analyst at Demotech

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Registration opens for hybrid Bermuda Captive Conference

The Bermuda Captive Conference will return to a partially in-person event in September for the first time in three years

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Hong Kong issues second and largest ILS cat bond

The Insurance Authority has licensed its second and largest issuance of insurance-linked securities in Hong Kong, in the form of a 144A catastrophe bond

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EY adds senior manager to captive services team

Ernst & Young has appointed Andrew Christie as senior manager of the firm’s captive insurance practice

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Vermont DFR names Sandy Bigglestone as deputy commissioner

Vermont Governor Phil Scott has named Sandy Bigglestone as deputy commissioner of the captive insurance division at the Vermont Department of Financial Regulation

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IRS names foreign captive insurance to 2022 ‘Dirty Dozen’ list

The Internal Revenue Service has named foreign captive insurance to its annual ‘Dirty Dozen’ list of potentially abusive tax arrangements

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New Vermont law allows captives to enter parametric contracts

Governor Phil Scott has signed House Bill 515 into law to update Vermont’s captive insurance statutes and eliminate inconsistencies

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Artex bolsters Cayman office

Artex Risk Solutions has appointed Suzanne Sadlier as managing director of its Cayman operations

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Munich Re: “Disproportionately high” cyber insurance gap

The cyber insurance gap is “disproportionately high” amid an imbalance in cyber risk awareness, capacity and protection, according to a new survey by Munich Re

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The advantages of parametric policies

Fast payouts as a result of a simplified claims adjustment process is one of the main advantages of parametric insurance compared to traditional indemnity insurance, according to a recent webinar exploring parametric uses and benefits

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