XL Catlin has raised its global property insurance capacity by 25 percent to US$500 million, which is available on a quota share or layered basis,. With this capacity increase, the company said it will better address clients’ global and domestic …
Two Corpus Christi, Texas-based employee benefits providers, Heavin Insurance Agency and Arvak Insurance Group, have merged and joined the insurance broker network, Leavitt Group, to become Heavin, Otto & Leavitt. Will Heavin of Heavin Insurance Agency and John Otto of …
MD Jensvold has hired David Rhodes to manage the brokerage department for the Houston-based managing general agency and surplus lines insurance broker. Rhodes joins Jensvold from Zurich Energy & Marine where he was the head of U.S. Energy, Excess & …
Texas Gov. Greg Abbott has signed into law a measure banning texting while driving statewide. Under HB 62 by Midland Rep. Tom Craddick, drivers who are caught using a phone to text, send email or post to social media while …
Ratings agency Standard & Poor’s has revised its rating outlook to negative from stable for American International Group (AIG). The move came despite AIG recently hiring a new CEO, Brian Duperreault. At the same time, S&P Global Ratings affirmed its …
A Southern California jury awarded $2 million to the granddaughter of Trinity Broadcasting Network founders Jan and Paul Crouch, finding that her grandmother acted outrageously in refusing to report the girl’s sexual assault by an employee. Carra Crouch, now 24, …
Hub International Ltd. has acquired the assets of Elk Grove, Calif. The Ponce de Leon Insurance Group Inc., dba Colton Insurance Associates. Terms of the deal were not disclosed. The Colton team will join Hub’s Sacramento operations reporting to Rob …
Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it sold the specialty unit, which it said handles $100 million in business, …
First of Two Articles While everyone talks about blockchain, also known as mutual distributed ledger technology, just a few people actually know what this technology can do and how it could someday revolutionize the re/insurance industry, just by streamlining back-office …
For the first time in several years, I didn’t get tense because June 1 was coming. In fact, I totally missed June 1 until June 2. I totally forgot about June 1. Oh, right. You may not be thinking about …
