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R&Q completes acquisition of Irish-based captive WCIC

R&Q has completed the acquisition of the Coffey Group's captive WCIC after receiving regulatory approval from the Central Bank of Ireland

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MMC completes JLT acquisition

Marsh & McLennan Companies has completed the acquisition of JLT for $5.6 billion in fully diluted equity value

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Guernsey introduces first ILS hybrid vehicle

Guernsey has introduced the world’s first insurance-linked securities hybrid vehicle

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Tripp Crosby and Jeremy Cox announced for Bermuda Captive Conference keynote

Tripp Crosby, a YouTube comedian, and Jeremy Cox, executive chair of the Bermuda Monetary Authority, have been named keynote speakers for the 2019 Bermuda Captive Conference

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Virtual i forms strategic partnership with Braxtone

Insurtech firm Virtual i Technologies has appointed Braxtone, a United Arab Emirates-based risk engineering company, as its exclusive network partner in the Middle East and Africa (MEA) region

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Chubb makes improvements to Worldview platform

Chubb, the global property and casualty specialist, has made several key improvements to its digital Worldview platform, including improved premium tracking functionality for captive insurance

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CCR Re sets up first French ILS instrument

French reinsurer CCR Re has set up the first ILS instrument governed by French law, 157 Re, which is also the first reinsurance sidecar vehicle to be domiciled in France

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US and Bermuda M&A activity sees significant rise in 2018

M&A activity rose significantly in the US and Bermuda in 2018, according to a report from law firm Sidley Austin

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Bermuda sending team to Europe to discuss removal from EU blacklist

Bermuda is sending a team, led by premier David Burt and minister of finance Curtis Dickinson, to Europe for a series of meetings with the intent of laying the groundwork for Bermuda’s removal from the EU’s non-cooperative tax jurisdictions black

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European Commission approves Marsh JLT acquisition

The European Commission has approved MMC’s acquisition of JLT Group, subject to conditions relating to JLT’s global Aerospace practice

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Labuan adds six new captives as premiums total $400.5m in 2018

Labuan licensed six new captive insurance companies last year, as total gross premium grew to $400.5 million, according to figures from the Labuan IBFC

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A.M. Best affirms ratings of Energas Insurance

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Energas Insurance, the sole captive of Petroliam Nasional Berhad, Malaysia’s national oil and gas company

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