Monthly Archives: <span>April 2015</span>

Supreme Court: EEOC Must Try Conciliation with Businesses Before Litigation

The U.S. Supreme Court on Wednesday buoyed companies facing the Equal Employment Opportunity Commission over potential accusations of discrimination. In a unanimous ruling, the justices said courts have the power to enforce the statutory requirement that the EEOC try to …

Beazley Adds Hiscox’s Dunlavy to Medical Team in Atlanta; Also Schoenthal

Beazley Group has hired a former Hiscox executive to help expand its miscellaneous medical insurance capabilities. Christopher Dunlavy will be based in Beazley’s Atlanta office. The miscellaneous medical team underwrites combinations of medial professional liability, general liability, products liability and …

AXIS Reports Q1 Operating Income of $136M on Low Catastrophe Losses

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2015 of $156 million, or $1.54 per diluted common share, compared with $137 million, or $1.24 per diluted common share, for the first …

Bitcoins: The Next Cyberinsurance Risk?

Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of course. The growing use of the six-year-old …

XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%

Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period in 2014. …

Swiss Re Posts 17% Increase in Q1 Net income to $1.4 Billion

Swiss Re reported strong results for the first quarter of 2015, with net income rising 17 percent to $1.4 billion and ROE of 16.1 percent, “driven by profitability across all Business Units and strong investment results.” Highlights for Swiss Re’s …

Bermuda Sovereign Downgrade Does Not Affect Bermudian (Re)Insurers: S&P

SASSI Introduces Online Insurance Option for Electrologists

SASSI, the Salon and Spa Specialty Insurance agency, has launched a fully automated website for electrologists and their insurance brokers to purchase insurance through called SASSI Insure It!. SASSI Insure It! guides qualified customers from the insurance application to electronic …

Georgia Education Officials Checking Schools for Recalled Ice Cream

Georgia education officials say they’re working with the state health department to make sure ice cream products that were recently recalled aren’t being served in schools. Department of Education spokesman Matt Cardoza said in a statement that the Georgia Department …

New Mining Map Tool from Environmental Activists Finds West Virginia Most at Risk

Environmental activists said that mountaintop removal coal mining has been expanding closer to communities in central Appalachia in recent years, with nearly half of the 50 areas most at risk in West Virginia. As part of its campaign to end …