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Dan Towle gets top CICA job

Vermont’s Dan Towle is the new president of the Captive Insurance Companies Association

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Hiscox appoints group head of catastrophe research

Hiscox has named Shree Khare as group head of catastrophe research

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Increase in captive use to limit EB cost

Multinational pooling and captives are being increasingly used to limit the cost of insurable employee benefits globally, according to research by Willis Towers Watson

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Captives ‘exempt’ from New York cyber rules

Captive insurance companies are ‘exempt’ from the new cyber security regulation that came into effect in New York on 1 March

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Bruce Wright to chair ABA captive committee

The American Bar Association (ABA) has named Bruce Wright as chair of the captive insurance committee

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Julie Page appointed CEO of UK Aon Risk Solutions

Julie Page has been named CEO of Aon Risk Solutions in the UK, effective 1 April this year

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Arc Legal launches specialist tax product

Arc Legal Assistance has launched a new tax product, offering specialty tax investigation insurance for large and small accountancy firms

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A.M. Best assigns ‘excellent’ ratings for Split Rock

A.M. Best has assigned a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a” to Split Rock Insurance, located in Bermuda

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HK to become ‘world class’ captive domicile by 2020

Hong Kong will become a “world class and leading captive domicile by 2020 with the aim of over five to 10 captives licensed per year and 50 total captives by 2025,” according to the Hong Kong Financial Services Department Council

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Pool Re increases reinsurance limit to £2 billion

Pool Re has increased its commercial reinsurance cover to £2 billion, compared to the £1.95 billion of cover previously in place

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Labuan to focus on niche areas to drive growth

The Labuan International Business and Financial Centre (IBFC) is to focus on developing niche sectors such as captive insurance in 2017 as part of its strategic plan to develop the jurisdiction

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US Treasury issues first TRIPRA data call

The US Treasury will soon be issuing its first terrorism data call under the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015

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