Reinsurance News
insurance law
Greenberg Traurig hires former NYDFS insurance exec
24th January 2020
International law firm Greenberg Traurig has announced the appointment of Laura Evangelista to its Insurance Regulatory & Transactions and Financial Regulation & Compliance practices. Evangelista formerly led the insurance division at the New York Department of Financial Services (NYDFS), where she served as Executive Deputy Superintendent for Insurance. As a Government Law ... Read the full article
Robert Fettman joins Global Insurance Practice at Debevoise & Plimpton
6th November 2019
International law firm Debevoise & Plimpton LLP has announced that Robert Fettman has joined its New York office as Counsel in the Global Insurance Practice. Fettman has represented insurance clients in a range of transactional and regulatory matters, including those related to insurtech such as blockchain, smart contracts, and AI. His representations ... Read the full article
McDermott Will & Emery hires insurance transaction team from rival firm
26th September 2019
International law firm McDermott Will & Emery has hired a team of eight new partners to join its newly-created Insurance Transactions and Regulation Group. The team have worked together for many years, most recently at rival law firm Drinker Biddle & Reath. They have now moved over to McDermott en masse in ... Read the full article
Clyde & Co adds Estelle Machell to casualty insurance team
13th September 2019
Global law firm Clyde & Co has announced the appointment of Estelle Machell as a partner in its casualty insurance team. Machell most recently worked at Keoghs, but previously spent nine years at Clyde & Co before leaving in 2013. She specialises in large loss catastrophic injury and major bodily cases, and ... Read the full article
MMC urges U.S Senate to renew terrorism risk insurance act
19th June 2019
Tarique Nageer, Property Terrorism Placement and Advisory Leader at Marsh, a Marsh & McLennan firm, has testified before a U.S Senate Committee to highlight the importance of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Nageer urged members of the Committee on Banking, Housing and Urban Affairs to renew the Act, ... Read the full article
California lawmakers approve state disaster insurance bill
28th May 2019
California lawmakers have approved a bill that will allow the state to take out insurance policies to protect it from disasters such as the recent wildfires. The legislation from Senator Bill Dodd, D-Napa, Insurance Commissioner Ricardo Lara and Treasurer Fiona Ma cleared the Senate this week, creating California Disaster Insurance. “As climate ... Read the full article
Florida Governor signs AOB reforms into law
24th May 2019
Florida Governor Ron DeSantis has approved the recently proposed reforms to assignment of benefits (AOB) practices in the state, signing a bill to officially bring them into law. The Florida Legislature passed the reforms in April in an effort to stabilise the recent explosion in AOB litigation and provide policyholders with ... Read the full article
Law firm Devonshires adds re/insurance expert to litigation team
7th May 2019
Full service law firm Devonshires has expanded its Litigation & Dispute Resolution team with the appointment of re/insurance practitioner Stephen Netherway. Netherway will be tasked with helping to form a new insurance practice area as part of the firm’s growth strategy. He has more than 30 years’ experience and joins Devonshires from ... Read the full article
Law firm Schiff Hardin adds Thomas Zurek to re/insurance practice in Chicago
26th April 2019
U.S law firm Schiff Hardin LLP has announced the addition of Thomas M. Zurek as a counsel in its Insurance and Reinsurance and Litigation and Dispute Resolutions Practice Groups in Chicago. Most recently, Zurek served as Senior Chief Legal Counsel, Executive Vice President and Secretary of OneAmerica Financial Group. In this role, ... Read the full article
Florida insurers welcome reform to address AOB abuse
25th April 2019
The Florida Property & Casualty Association has commended the Florida Legislature for passing a reform that aims to address assignment of benefits (AOB) abuse in the state. The legislation is expected to help stabilise the recent explosion in AOB litigation and provide policyholders with the tools to protect themselves against predatory ... Read the full article
DAC Beachcroft names head of Global Insurance practice in London
2nd April 2019
International law firm DAC Beachcroft has announced the appointment of Liam O’Connell as head of its Global Insurance practice in London. He joins from Norton Rose Fulbright where he was most recently a partner and Head of the EMEA insurance claims team. O’Connell has previously acted for many global and London market ... Read the full article
Gov-backed UK insurtech initiative announces legal toolkit for start-ups
13th March 2019
The UK Insurtech Board, an initiative facilitated by Tech Nation as part of the Fintech Delivery Panel (FDP) convened by HM Treasury, has announced the launch of a new toolkit of legal documents to assist start-ups in building relationships with insurance incumbents. The suite of legal documents was developed to address ... Read the full article
Drinker Biddle recruits 17-strong litigation team, adds Hartford office
12th March 2019
International law firm Drinker Biddle & Reath LLP has recruited a team of 17 trial and class action lawyers and expanded its office count to 13 with the opening of a new Hartford, Connecticut location. The team consists of 14 litigation partners and three associates, all of whom were previously with ... Read the full article
Allianz to automate legal proceedings for injury claims using AI
28th January 2019
Allianz Insurance has launched a new digital proposition, called Defendant Hub, that uses artificial intelligence (AI) technology to automate Ministry of Justice Stage 3 injury claims. Developed in partnership with UK law firm Keoghs, Defendant Hub will provide Allianz’s injury claims handlers with an end-to-end solution for Stage 3 claims. This is ... Read the full article
Lawmakers push for NFIP to cede more risk to reinsurers
18th January 2019
U.S lawmakers have reintroduced a bill that pushes for the National Flood Insurance Program (NFIP) to cede more of its risk to the private reinsurance market. The Taxpayer Exposure Mitigation Act is one of four bills introduced by Missouri Congressman Blaine Luetkemeyer that calls for improvements to the Federal Emergency Management Agency’s ... Read the full article
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