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Norton Rose Fulbright adds insurance international business group co-head

Norton Rose Fulbright has appointed Mina Matin as co-head of the law firm’s US insurance international business group, based in New York

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Robus receives GIIA kitemark for ESG

Robus has received the kitemark for the ESG framework created by the Guernsey International Insurance Association for both its protected cell company and incorporated cell company

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Ocorian appoints business development director for employee benefits

Ocorian has appointed Michelle Merola as business development director, where she will be responsible for accelerating the growth and delivery of the financial services group’s employee incentive services

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SCOR: European captives show strong solvency ratios

The gross written premium of European captives surveyed by reinsurer SCOR in its latest report increased by 4.8 per cent between 2019 and 2020, compared to 3.2 per cent the previous year

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TDCI names new captive insurance director

The Tennessee Department of Commerce and Insurance has named Jonathan Habart as director of its captive insurance section

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Marsh revises senior leadership

Marsh has appointed Pat Donnelly as president of Marsh US and Canada, effective 1 January 2022

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IFSCA receives committee recommendations for captive development

The International Financial Services Centres Authority of India has received an insurance committee report recommending the development of the international finance services centre in Gujarat into a global insurance and reinsurance hub

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Washington Commissioner formally adopts captive regulations

The Office of the Insurance Commissioner for the state of Washington has adopted the proposed regulations of the new captive insurance law, effective 21 December 2021

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Risk Strategies acquires PBI specialist

Risk Strategies has acquired TriPoint Insurance, a national workers’ compensation specialist providing performance-based insurance solutions to middle-market firms in the construction, manufacturing, wholesale and skilled nursing sectors

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A.M. Best revises Saipem captive outlook to negative

A.M. Best has affirmed the financial strength rating of “A-” (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Sigurd Rück (Switzerland), revising the outlook of the captive reinsurer from stable to negative

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Marsh: IFRS 17 will pose “drastic changes” to captive reporting

Captives will need to prepare for “drastic changes” in their reporting to ensure compliance with the upcoming requirements of IFRS 17, according to Marsh

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The Geneva Association names new chair

The Geneva Association has appointed Christian Mumenthaler, CEO of Swiss Re, as chairman, succeeding outgoing chairman Charles Brindamour, who will remain on the association’s board

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