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GFSC addresses Solvency II and IAIS capital standards project

The Guernsey Financial Services Commission (GFSC) has launched a discussion paper seeking the industry’s feedback on the evolution of the island’s global and European insurance capital standards

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NCCIA clarifies 831(b) memo

The North Carolina Captive Insurance Association has issued a statement to clarify a memo discussing the 831(b) tax election and the impact on the state’s captive insurance industry should Congress repeal the election

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XL Group selects Dublin as post-Brexit location

XL Group has revealed its plans to move its principal EU insurance company, XL Insurance Company, from the UK to Ireland in 2018, in response to Brexit

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R&Q completes novation from Cayman captive

Randall & Quilter (R&Q) Holdings has completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive

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Thomas Wafer and Jeffery Livingston join Willis Re

Willis Re has appointed Thomas Wafer as chairman of the company’s North America business, effective October, while Jeffery Livingston has been named vice chair

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Crawford and Company bolsters Asia team

Crawford and Company makes leadership changes in its Asia offices

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Cayman captives gain strength from teamwork, says IMAC panels

The Cayman Islands’ strength in captive insurance comes from “its team approach to captives”, according to a panel of experts

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Maxis GBN hires new director of underwriting

Fordham will be based in the London office of the joint venture between MetLife and AXA. She joins from MetLife UK, where she was chief pricing underwriter for six years

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David Linhardt joins Regions Insurance

Regions Insurance, an affiliate of Regions Bank, has appointed David Linhardt as state executive for Arkansas and Texas

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Recent disasters put spotlight on the role of captive insurance

The recent spate of natural disasters has focused a spotlight on catastrophic losses and how captive insurance can play an "important role" in helping organisations “defray” some of the related financial losses

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BA pension scheme uses captive

The British Airways (BA) Airways Pensions Scheme (APS) has used a captive to insure £1.6 billion of pension liabilities against longevity risk

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Hurricane Irma to potentially change use of alternative capital instruments

In the ‘Best’s Briefing’, it explained that the current catastrophe bond market exists primarily to provide reinsurance for catastrophic events like Hurricane Irma

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