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Vermont proposes branch captive legislation updates

Vermont has proposed to update its branch captive legislation to require branch captives to designate the state’s commissioner of the Department of Financial Regulation as its agent for service of process

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Delaware to extend captive annual reporting and payments deadline

Delaware is set to extend the deadline for a captive’s annual report and annual premium tax payments from 1 March to 15 April each year

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Second cat bond issued on ILSBlockchain

Solidum Partners has issued the second catastrophe bond on ILSBlockchain, a private blockchain set up by their incorporated cell company Solidum Re

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Cunningham Lindsey hires Sweden CEO

Global claims management firm Cunningham Lindsey has appointed Claes Frick as the firm’s CEO in Sweden

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RRGs remain financially stable, says Powell

RRGs collectively reported almost $2.8 billion of direct premium written through Q3 last year, a 3.5 percent increase over the same period in 2016, according to a report by Demotech's senior financial analyst Douglas Powell

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DC Court of Appeals finds RESPA doesn’t prohibit captives

The DC Court of Appeals has reinstated the October 2016 three-judge panel’s findings that the Real Estate Settlement Procedures Act does not prohibit captive reinsurance arrangements

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Carey Olsen and Michael Hanson launch Bermudian firm

International offshore law firm Carey Olsen and Bermudian attorney Michael Hanson have joined forces to establish Carey Olsen Bermuda, a new law firm for the island’s international finance market

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Barbados welcomes 20 new captives

Barbados licensed 20 new captive insurance companies last year, an increase on the 13 that were licensed in 2016, according to the Barbados Financial Services Commission

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Capstone celebrates 20th birthday

Capstone Associated Services has celebrated its 20-year anniversary

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Hub international hires EB vice president

Hub International has hired Lynn Greene as vice president of the employee benefits practice

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Aon structures largest earthquake cat bond

Aon Securities has assisted the World Bank in structuring the largest ever catastrophe bond covering earthquakes

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Bermuda welcomes 17 new captives

The Bermuda Monetary Authority welcomed 17 new captive insurers last year, compared to the 13 in 2016

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