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FERMA survey shows increasing level of interest in captives

The Federation of European Risk Management Associations has confirmed there is an increased interest in captives, according to findings from the association’s latest report

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FERMA adds two new board members

The Federation of European Risk Management Associations has elected Simon Grima from MARM and Lene Ritz from DARIM to the board

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GIIA commits to sustainable finance

The Guernsey International Insurance Association has enrolled in a United Nations green programme as part of its pledge to the development of sustainable finance

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R&Q acquires Vermont-domiciled captive

Randall & Quilter Investment Holdings has acquired a Vermont-based captive insurer

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UK set to bring forward review of Solvency II

The UK Government has revealed it will bring forward a review of certain features of Solvency II, according to a statement from Rishi Sunak, the chancellor of the exchequer

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A.M. Best affirms Toyota’s ‘excellent’ captive ratings

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Toyota Motor Insurance Company, based in Cedar Rapids, Iowa

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IRS petitions court to enforce a summons against Delaware DOI for captive docs

The Internal Revenue Service has petitioned the US District Court for the District of Delaware against the Delaware Department of Insurance to enforce a summons for documents related to its micro captive investigation

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Tennessee appoints new captive insurance director

Belinda Fortman has joined the Tennessee Department of Commerce and Insurance as a captive insurance section director, replacing Jennifer Stalvey, effective 29 June

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ABA requests FHFA to overturn ban on captives

The American Bankers Association has written a letter to the Federal Housing Finance Agency requesting for them to overturn its decision on banning captive insurance companies from its membership

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ABA requests FHFA to overturn ban on captives

The American Bankers Association has written a letter to the Federal Housing Finance Agency requesting them to overturn its decision on banning captive insurance companies from its membership

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Tennessee’s captive market ‘continues to thrive’ despite COVID-19 uncertainties

The Tennessee Department of Commerce and Insurance has revealed that despite uncertainty this year so far, the state’s insurance industry has “continued to thrive”

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AGCS set to realign board of management

Allianz Global Corporate & Specialty SE is realigning its board of management focusing on responsibilities for regions and markets as well as for Underwriting and Claims functions

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