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UK pension fund uses captive for £450m longevity risk deal

The Merchant Navy Ratings Pension Fund has completed a £450 million (US$569 million) longevity risk transfer using a Guernsey-based captive

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Missouri reduces workers’ compensation rates for 2025

Workers’ compensation loss cost rates in Missouri will decrease by an average of 5.3 per cent starting 1 January 2025, marking the fourth consecutive year of reductions

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Ascot onboards Benz as Head of US Alternative Risk Solutions

He joins Ascot from AXA, where he helped build out its group captive practice while leading its North American alternative risk structures

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QBE hires Lill as Portfolio Manager for US Casualty

Claire Lill joins from Apollo Syndicate 1969, where she held the role of executive underwriter for US casualty

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Guernsey adopts OECD’s global minimum tax rate for 2025

Guernsey has enacted legislation to implement the OECD's global minimum tax rate of 15 per cent, known as Pillar 2, starting from 1 January 2025

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Everest launches insurance business in Italy

The new unit will be led by José Ramón Morales, head of Southern Europe, Everest Insurance International

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AM Best assigns ‘Excellent’ ratings to National Grid’s captive

AM Best has assigned a financial strength rating of ‘A-’ (Excellent) and a long-term issuer credit rating of ‘a-’ (Excellent) to National Grid Insurance USA

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ASR Middle East starts operation as Lloyd’s service company

Africa Specialty Risks (ASR) Middle East has commenced underwriting business in Dubai on behalf of ASR Syndicate 2454, the first African-focused syndicate at Lloyd’s

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Aon names Corona as CEO of Enterprise Clients and Global CCO

Anne Corona will work with Aon's enterprise client group leaders and regional chief commercial officers as the firm continues to evolve its client leadership strategy

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Cayman Captive Forum 2024 expects record-breaking attendance

The Cayman Captive Forum 2024 will take place from 3-5 December at The Ritz-Carlton in Grand Cayman

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Manulife enters CA$5.4bn reinsurance agreement with RGA

Manulife Financial Corporation has entered into a CA$5.4 billion (US$3.85 billion) reinsurance agreement with Reinsurance Group of America (RGA)

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HDI Global appoints Périquet as new Global Head of Engineering

Bringing more than 20 years of experience in corporate insurance, he is currently working for Zurich in Dubai as underwriting manager for energy in the Middle East, Africa and Commonwealth of Independent States

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