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Global Bankers Insurance hires chief actuary

Global Bankers Insurance Group LLC has hired Mike Farley as chief actuary.

Farley succeeds Scott Boug, who became president and chief actuary of Global Bankers' Bermuda operations, including Private Bankers Life and Annuity Co. Ltd.

Farley comes to the company after most recently working as CFO and chief operations officer for Munich Re's U.S. health business.