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The three are wholly owned subsidiaries of Bermuda-based R&Q Insurance Holdings

Company focuses on the use of captives in medical stop-loss programmes

The news comes midway through an active year for large transactions and stock market listings involving Bermudian-based insurers

Target is world’s first insurer dedicated to coverage of the complex and little-understood assets

He is based in Bermuda and most recently served as CEO of Sanlam Pan Africa General Insurance

She is responsible for shaping the division’s strategy and driving its profitability

New appointee has more than 20 years’ corporate affairs experience across government policy, brand reputation, media and communications

Augment Risk has up to $100 million in funding from Altamont Capital Partners

The company has $130 billion in assets under management, investment-grade financial strength ratings and a partnership with Sixth Street.

Opinion reflects strong balance sheet, adequate operating performance, limited business profile and appropriate enterprise risk management.