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AdminaHealth adds new CFO

AdminaHealth, a provider of technology and financial solutions for the insurance marketplace, has named Neil Kaufman as CFO

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Woodruff Sawyer hires Schmidt as healthcare SVP

Woodruff Sawyer has hired Dan Schmidt as senior vice president in the healthcare practice.

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Bermuda captive market profitable in 2017

The Bermuda captive market was profitable in 2017, according to the BMA’s captive report 2018

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Chubb completes France move as part of Brexit preparations

Chubb European Group has redomiciled to France from London, effective 1 January, as part of its Brexit preparations

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Automotive sector leads new captive formations in Bermuda

The automotive industry took the top spot for new formations by industry of parent company in Bermuda in 2017, according to the BMA's 2018 Captive Report

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Citadel on track for ‘significant profits’ for back-to-back years

Citadel Risk is on target for its second consecutive year of significant profits following strong third quarter results

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Compre acquires Generali portfolio in largest deal to date

Reinsurance legacy specialist Compre has received full regulatory approval for the acquisition of two portfolios from Assicurazioni Generali, marking the completion of its largest portfolio acquisition to date

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A.M. Best affirms ratings of Saipem's captive

Sigurd Rock, the captive reinsurer of global energy provider Saipem, has had its financial strength rating of A- (Excellent) and its long-term issuer credit rating of “a-” affirmed by A.M. Best

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Michigan amends reporting requirements

Michigan has amended the reporting requirements for captive insurance companies operating in the state

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Ratings of Telefonica’s captive affirmed

NCRe, a pure captive reinsurer of Spanish multinational broadband and telecommunications provider Telefonica, has had its financial strength rating of A- (Excellent) and its long-term issuer credit rating of “a-” affirmed by A.M. Best

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Marsh appoints specialty leaders for UK and Ireland

Marsh has appointed key specialty leaders for the UK and Ireland, as it prepares to combine some of its capabilities with JLT Group

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MPIC assigned Good rating by A.M. Best

A.M. Best has assigned a financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” to Mid-Pacific Insurance Company

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