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Saudi Arabian Oil captive ratings affirmed

Stellar Insurance, a captive insurer of Saudi Arabian Oil Company, has had its financial strength rating of A (Excellent) and its long-term issuer credit rating of “a” affirmed

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HyreCar launches ridesharing captive venture

HyreCar has launched a new venture focused on creating a captive insurance solution for carsharing in the ridesharing space

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Founder and CEO Stalley leaves FiscalReps

Mike Stalley has left his role as CEO at FiscalReps, nearly 15 years after he founded it

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UC launches new PCC

The University of California has formed a protected cell company as part of its growth plan to cover employee/employer paid life insurance

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Marsh appoints new senior captive leadership

Marsh has appointed Julie Boucher and Chris Varin to senior leadership roles within Marsh Captive Solutions

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Bermuda remains global ILS issuance leader

Bermuda remains the global leading jurisdiction for the issuance of ILS, according to the Q1 report from the BMA

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R&Q acquires Irish-based captive WCIC

R&Q has agreed to acquire Coffey Group’s Ireland-based captive, Western Captive Insurance Company Designated Activity Company

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Guernsey can provide unique offer to Chinese market

Guernsey can offer Chinese companies looking for insurance solutions “something no other jurisdiction can" to help them "achieve their goals”, according to Kate Clouston, Guernsey Finance deputy chief executive

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Fiesta for Ford captive as ‘Excellent’ ratings affirmed

The American Road Insurance Company 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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NTC’s ratings upgraded by A.M. Best

A.M. Best has upgraded the financial strength rating from B++ to A- (Excellent) and the long-term issuer credit rating (long-term ICR) from “bbb+” to “a-” of National Telcom Corporation

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UC captive assets hold worth as total assets grow by $8.9bn

The University of California’s captive insurance assets remained at $0.9 billion as of 30 June 2018, despite its total assets under management growing to $118.7 billion, up $8.9 billion over a year ago

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Crowe adds Kemp to audit captives in Cayman

Crowe Horwath has hired Lawrence Kemp as a new audit assistant manager for its Cayman Islands practice

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