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Insurance News & Reinsurance News


Find here the latest insurance industry news from around the world. The news is updaily almost hourly.

Insurance News Update

Bickmore Adds Portello in Northern California
Bickmore has named William Portello has joined the Sacramento, Calif. He will serve as the director of litigation management and will oversee the litigation management team and assist pool members throughout California with developing contract requirements and provide employment practices …
Technology Risk Mgmt Association TechAssure Names New Member in Germany
TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective immediately. Headquartered in Giessen, Germany, BüchnerBarella is an independent, full-service insurance brokerage firm that specializes …
Florida Puts Workers? Comp Carrier Guarantee Insurance In Receivership
Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-reserved at year end 2016 and consented to …
Best Agencies to Work For: Morris & Garritano ? Overall Winner
It’s no easy feat to survive as a small business let alone to survive and thrive after 132 years in operation. That’s what Morris & Garritano (M&G) ? winner of Insurance Journal’s 2017 Best Agencies to Work For 2017 Overall …
Reinsurance Sector?s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion, according to calculations issued by A.M. Best. “We …
XL Catlin Taps Coladon from The Guaranty as Fine Art & Specie U/W in Canada
XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto, Coladon, joined on Nov. 6 and is …
Conservatives Now Want to Abolish Board They Hoped Would Curtail Patent Suits
In August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and set alight patents they said had been rendered worthless by an overreaching federal government. “It’s time …
New York?s Mackoul & Associates is a Business About People
Working toward joining the Minor Leagues as an umpire to becoming the CEO of an insurance agency may seem like a big career change, but for Ed Mackoul, CEO and president of Mackoul & Associates Inc. in Island Park, N.Y., …
$1.3M Settlement in New Hampshire Paralyzed School Football Player Case
A New Hampshire city and its insurance carriers have agreed to pay a former high school football player who was paralyzed in a 2010 practice $2,000 a month as part of a $1.3 million settlement of his negligence lawsuit. The …
Best Agencies to Work For Southeast: Frank H. Furman ? Silver
As a Florida-based agency, employees at Frank H. Furman understand the value of insurance and the important role they play as advisors. And they say the company’s team-focused and supportive environment motivates them to go above and beyond for their …

Reinsurance News Update

New York?s Mackoul & Associates is a Business About People
Working toward joining the Minor Leagues as an umpire to becoming the CEO of an insurance agency may seem like a big career change, but for Ed Mackoul, CEO and president of Mackoul & Associates Inc. in Island Park, N.Y., …
$1.3M Settlement in New Hampshire Paralyzed School Football Player Case
A New Hampshire city and its insurance carriers have agreed to pay a former high school football player who was paralyzed in a 2010 practice $2,000 a month as part of a $1.3 million settlement of his negligence lawsuit. The …
Reinsurance Sector?s Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion, according to calculations issued by A.M. Best. “We …
Best Agencies to Work For Southeast: Frank H. Furman ? Silver
As a Florida-based agency, employees at Frank H. Furman understand the value of insurance and the important role they play as advisors. And they say the company’s team-focused and supportive environment motivates them to go above and beyond for their …
Florida Puts Workers? Comp Carrier Guarantee Insurance In Receivership
Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-reserved at year end 2016 and consented to …
Bickmore Adds Portello in Northern California
Bickmore has named William Portello has joined the Sacramento, Calif. He will serve as the director of litigation management and will oversee the litigation management team and assist pool members throughout California with developing contract requirements and provide employment practices …
Technology Risk Mgmt Association TechAssure Names New Member in Germany
TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective immediately. Headquartered in Giessen, Germany, BüchnerBarella is an independent, full-service insurance brokerage firm that specializes …
Best Agencies to Work For: Morris & Garritano ? Overall Winner
It’s no easy feat to survive as a small business let alone to survive and thrive after 132 years in operation. That’s what Morris & Garritano (M&G) ? winner of Insurance Journal’s 2017 Best Agencies to Work For 2017 Overall …
XL Catlin Taps Coladon from The Guaranty as Fine Art & Specie U/W in Canada
XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto, Coladon, joined on Nov. 6 and is …
Conservatives Now Want to Abolish Board They Hoped Would Curtail Patent Suits
In August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and set alight patents they said had been rendered worthless by an overreaching federal government. “It’s time …

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