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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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Canada Life Reinsurance enters £1.7 billion longevity agreement

Canada Life Reinsurance has entered into a long-term reinsurance agreement to cover the longevity risk on £1.7 billion of liabilities for pension members of the Marsh & McLennan Companies (MMC) UK Pension Fund

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North Carolina addresses possible repeal of 831(b) election

The possible repeal of the 831(b) tax election could be “detrimental” to NC’s captive industry, according to a new memo from the state’s captive association and department of insurance, who have pre-emptively addressed the issue

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Vermont captive total hits the 1,100 mark

Vermont’s Governor Phil Scott has revealed that the state’s Department of Financial Regulation has welcomed its 1,100 captive with the licensing of AssureCap Indemnity, a sponsored captive insurance company

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