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BMS Group to acquire Spanish broker Rasher and its subsidiaries

Rasher provides surety, credit, and risk management solutions to corporate clients, with a team of 90 staff members

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Jaksic replaces Bailey as CEO of Zurich UK

Zurich has appointed Drazen Jaksic as UK CEO to replace Tim Bailey, who will lead the group’s newly established global Life Protection business

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AM Best reports surge in European captives

European captive domiciles are experiencing a surge in new company formations, according to AM Best's latest analysis

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Oklahoma to reduce workers' compensation loss costs for 2025

The Oklahoma Insurance Department has approved a 9.2 percent decrease in workers' compensation insurance loss costs for 2025, which means lower premiums for many Oklahoma businesses

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Alliant acquires Union First, expanding benefits solutions

Union First will join Alliant’s Employee Benefits Group in the West Region, bringing experiences in benefits consulting, trust administration, and tailored solutions for first responders and public safety professionals

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SRS expands Luxembourg’s captive team

Strategic Risk Solutions (SRS) is expanding its Luxembourg office, with the appointment of Alain Sougnez as client services leader and licensed manager reinsurance captives

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AM Best affirms credit ratings of Orion Reinsurance

AM Best affirms the financial strength rating of ‘B+’ (Good) and the long-term issuer credit rating of ‘bbb-’ (Good) of Orion Reinsurance, class 3 captive insurer based in Bermuda

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Healy to lead Aon’s global captive team for Commercial Risk Solutions

Ciarán Healy will focus on accelerating the broker’s core capabilities for clients, including captive management, captive advisory, captive reinsurance, insurance-linked securities, and PCCs

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Tennessee reports captive growth in 2024

Tennessee now hosts 176 captives and 591 cells, including 52 captives licensed in 2024, according to the Tennessee Department of Commerce and Insurance

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Gallagher signs major deal to acquire AssuredPartners

Insurance broker Arthur J. Gallagher has signed a definitive agreement to acquire AssuredPartners with a valuation of US$13.45 billion

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SCCIA to host annual captive conference in September 2025

The South Carolina Captive Insurance Association (SCCIA) will host its Annual Executive Educational Conference, scheduled for 23–25 September 2025 in Charleston

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UK pension fund uses captive for £450m longevity risk deal

The Merchant Navy Ratings Pension Fund has completed a £450 million (US$569 million) longevity risk transfer using a Guernsey-based captive

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