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Guernsey gains 5 pure captives but loses 14

The Guernsey Financial Services Commission (GFSC) has licensed 107 new international insurers in the last 12 months...

Dominic Casserley will succeed Joe Plumeri at Willis

In a surprise move, Dominic Casserley has been appointed as Joe Plumeri’s successor as CEO of Willis. Casserley will serve as the group CEO starting 7 January 2013. ...

Aon Benfield guides CROs dealing with Solvency II

Aon Benfield, the global reinsurance intermediary and capital advisor of parent company Aon, has launched the CRO Guide to Solvency II to help chief risk officers maintain a competitive position and boost financial strength...

Insurance Navy offers captive alternative

Independent insurance agency Insurance Navy has cited a survey finding growth in the number of independent agencies as evidence of the downturn of the captive model...

FATCA prompts Americans to consider relinquishing citizenship

American citizens who live outside the United States are increasingly considering renouncing their US citizenship as Washington prepares to roll out FATCA, said the chief executive of a financial advisory firm...

AGCS recruits UK head of product development

Allianz Global Corporate & Specialty (AGCS) has appointed Elke Vagenende as head of product development, financial lines, UK...

RFIB appoints new risk and compliance director

RFIB group has appointed Lisa Siggery as risk and compliance director. Siggery’s London based role will commence on 29 October 2012...

Leavitt Group promotes Niebuhr and Bergan

Insurance brokerage, Leavitt Group has promoted Mark Niebuhr and Bill Bergan to senior vice presidents...

Insurance linked securities on the map in Guernsey

Aon Insurance Managers in Guernsey announced that a managed vehicle Solidum Re Eiger IC Limited has listed bonds with value at risk of $52,500,000 on the Channel Islands Stock Exchange (CISX)...

A walk in the ‘Park’ for Assurance

A.M. Best has awarded a financial strength rating of “A” (Excellent) and issuer credit rating of “a” to Park Assurance Company (Park)...

Solvency II gets delayed again

The European Parliament has rescheduled the plenary vote of the Solvency II directive from 20 November 2012 to 11 March 2013...

Moody’s affirms outlook for Northwind and Tailwind captives

Moody’s has affirmed the ratings of Northwind Holdings (Northwind) and Tailwind Holdings (Tailwind), two wholly owned companies of Unum Group...

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