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AM Best affirms captive rating of NEWGT

The ratings reflect NEWGT’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management

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Tracy Hassett appointed next board chair of the VCIA

Hassett will serve an annual term as board chair, and Jason Palmer of WTW will serve as vice president

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Pinnacle Actuarial Resources welcomes Gary Wang

Wang returns to Pinnacle after a two-year tenure with Willis Towers Watson as associate director

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Christof Bentele joins Nexus

Specialty managing general agent Nexus Underwriting has appointed Christof Bentele as president of its recently launched specialty casualty division

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Cheryl Baker joins Stellantis

Automotive manufacturing corporation Stellantis has appointed Cheryl Baker as head of North American risk management

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RISCS appoints Kevin Poole as a partner

Based in the Cayman Islands, Poole has close to 40 years’ experience in the insurance industry with a career encompassing broking, insurance carriers and captive management in the UK, Guernsey, Bermuda and the Cayman Islands

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Paul Gatutha joins SRS Bermuda

With more than two decades of experience in insurance management, Gatutha joins SRS from Marsh Management Services, where he was senior vice president

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Moody’s Analytics joins Cytora’s risk digitisation platform

Moody's Analytics data will be integrated into Cytora’s risk digitisation platform to offer the commercial insurance industry a better way to understand risk

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Alex Tesei joins BMS

Tesei will be director of European energy reinsurance, effective October 2022. Based in London, he will report to James Chicken, managing director of energy

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Delaware Department of Insurance lowers workers’ compensation insurance rates

The Delaware Department of Insurance has announced that workers’ compensation insurance rates will decrease, effective 1 December 2022

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Moody's downgrades Farmers

Ratings agency Moody’s has downgraded Farmers Insurance Group’s ratings to A3 IFS but citing outlook as stable

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Universal Insurance Holdings provides Hurricane Ian update

The company estimates a gross ultimate loss of approximately US$1 billion, leaving it within the range of its US$3 billion overall reinsurance tower

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