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United Towing & Transport joins eMaxx’s captive programme

United Towing & Transport, a premier multi-state AAA preferred service provider, has joined eMaxx Assurance Group of Companies’ group captive programme for AAA roadside assistance providers

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Itochu Corporation’s captives affirmed

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of NEWGT Reinsurance Company, based in Bermuda

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BPS promotes David Ward as firms youngest partner

Bauknight Pietras & Stormer has appointed David Ward to its leadership team as a partner, effective 1 January 2021

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EIOPA: Solvency II needs a number of adjustments

EIOPA’s opinion on the Solvency II 2020 Review to the EC suggested that although no fundamental changes are needed, a number of adjustments are required to ensure that the regulatory framework continues as a well-functioning risk-based regime

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Willis Towers Watson predicts £30bn of pension buy-in and buyouts in 2021

The bulk annuity market has shown great resilience throughout this year’s turmoil with over £30 billion of buy-ins and buyouts completed, according to Willis Towers Watson

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Specialty Builders Insurance Company ratings affirmed

A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” to Specialty Builders Insurance Company, based in Atlanta, Georgia

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BMA staff appointed to IAIS committee

The International Association of Insurance Supervisors has appointed Ricardo Garcia and Marcelo Ramella of the Bermuda Monetary Authority staff to its committee

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Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR

The SCOR board of directors has chosen Benoît Ribadeau-Dumas to succeed Denis Kessler, the current CEO and chairman, as the next CEO

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Larry Okray joins RMC Group

RMC Group has hired Larry Okray as the general lines manager

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Exclusive: International Paper moves captive to Tennessee, marking state’s 700th risk-bearing entity

International Paper, Memphis-based global fibre-based packaging, pulp and paper products, has relocated its captive insurance company from Vermont to Tennessee

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Nate Reznicek swaps CIC Services for International Re

Nate Reznicek has joined International Re, the specialist captive insurance and reinsurance MGU, as head of US distribution

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Innovative Risk Management adds four new partners

Innovative Risk Management, a speciality programme management firm, has added four new partners to the business

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