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Evergreen’s ‘excellent’ captive ratings affirmed

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Evergreen Insurance Company Limited, based in Bermuda

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Adrian Lynch set to join Artex from Aon

Artex Risk Solutions has appointed Adrian Lynch as executive vice-president North America, effective March 2021

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Carter Lawrence named new TDCI commissioner

Tennessee governor Bill Lee has appointed Carter Lawrence as commissioner of the Tennessee Department of Commerce and Insurance, effective immediately.

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A.M. Best upgrades ratings of AES Global Insurance

A.M. Best has upgraded the financial strength rating to A- from B++ and the long-term issuer credit rating to “a-” from “bbb+” of AES Global Insurance Company, based in Burlington, Vermont

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AXA XL launches new risk assessment service

Risk managers will be able to generate assessments of their company’s sites by region, country or peril to understand exposures and to implement risk management and risk transfer measures that match their needs

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Eni’s captive ratings affirmed by A.M. Best

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Eni Insurance Designated Activity Company, based in Ireland

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Society of Risk Management Consultants elects Christopher Moss as president

In its annual autumn meeting, Society of Risk Management Consultants, an international organisation of professionals engaged in risk management and insurance consulting has elected several positions

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Pacific Life Re completes UK longevity swap via Guernsey-based captive

Pacific Life Re, who manage clients mortality, longevity, and morbidity risk, has completed a longevity swap transaction with the Trustee of the Prudential Staff Pension Scheme

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UK grants Solvency II equivalence to EEA states

The UK Government has revealed that the UK has granted Solvency II equivalence to the European Economic Area states, including the member states of the European Union

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Gary Hall takes on new role at Citadel Risk’s AMIC

American Millennium Insurance Company, which was acquired by Citadel in October 2011, will be restructured into three business divisions

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US Treasury proposes rule changes to TRIP, including participation of captives

The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019

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Civen and GIC acquire insurance broker Miller

The transaction, which is expected to complete Q1 2021, represents the first investment from Cinven’s new financial services sector-focused strategy, which will be looking at similar long-term opportunities across Europe

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