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Bermuda has returned to the European Union’s “white list” of fully cooperative tax jurisdictions, in a decision made by the EU Finance Ministers at the meeting of the Economic and Financial Affairs Council (ECOFIN) in Brussels. 19 February 2020
Life
Argo Group International Holdings has appointed Kevin Rehnberg to the role of chief executive officer, with immediate effect. Thomas Bradley was also named as the new chairman of the board of directors once the current chairman, Gary Woods, steps down, at the end of his term, following Argo’s annual general meeting. 19 February 2020
Life
Aspen Insurance Holdings has hired Crystal Ottaviano as to be its group chief risk officer. 19 February 2020
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IAT Insurance Group, the North Carolina-based specialty property, casualty and surety insurer, has launched the IAT College Loan Assistance Support (CLAS) programme, to assist employees pay off student debt. 18 February 2020
Life
Laurance Yahia, Liberty Mutual’s senior vice president and treasurer since 2003, will retire on April 3, 2020, drawing the curtain on a career that has seen him give 35 years to the company. 18 February 2020
Life
Richard Milner has been named as senior managing director of Aspen Re International. 17 February 2020
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The possible acquisition of PartnerRe by Covéa could benefit the Bermuda reinsurer’s credit profile, according to Moody’s, if Covéa’s substantial capital resources were used to alleviate capital strain in the event of large losses, or to finance profitable growth opportunities. 17 February 2020
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Essent Group’s chairman and CEO hailed a strong set of financial results for both the full year and Q4 2019, with a favourable operating environment helping it deliver profits that were up year on year for both periods. 17 February 2020
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Arch Re has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), an Australian marketing company. 17 February 2020
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Insured property losses from Windstorm Ciara, also known as Sabine, will likely fall between €1.1 billion and €1.8 billion (US$1.2 and US$1.95 billion), according to estimates from RMS, the catastrophe risk modeling company. 14 February 2020
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