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Subscriber only, premium content. Wednesday, April 1

Most Recent News

Axis Capital health unit acquires voluntary benefits provider

By: Shelby Livingston

Published April 01, 2015 - 4:41pm CST

Axis Capital Holdings Ltd. on Wednesday said its Axis Accident & Health unit has acquired Phoenix-based voluntary benefits provider Ternian Insurance Group L.L.C.

Injured worker who tested positive for marijuana eligible for comp

By: Stephanie Goldberg

Published April 01, 2015 - 3:20pm CST

A worker who tested positive for marijuana following a workplace accident is still entitled to workers compensation benefits, an Ohio appeals court has ruled.

AIG may sell $4 billion stake in aircraft leasing firm

By: Mark A. Hofmann

Published April 01, 2015 - 2:43pm CST

AIG may sell its holding in Dutch aircraft leasing company AerCap Holdings N.V., which could raise up to about $4 billion for the insurer, according to a Securities and Exchange Commission filing by Schipol, Netherlands-based AerCap.

Mexico oil platform fire kills four, 300 evacuated

Published April 01, 2015 - 1:41pm CST

(Reuters) — Mexican state-run oil company Pemex said at least four people died after a fire broke out on a production platform in the Gulf of Mexico early on Wednesday, sparking the evacuation of around 300 workers.

Rutherfoord brokerage chairman retires

By: Shelby Livingston

Published April 01, 2015 - 12:24pm CST

Richmond, Virginia-based brokerage Rutherfoord, a subsidiary of Marsh & McLennan Agency L.L.C., on Tuesday announced its chairman, Thomas D. Rutherfoord Jr., has retired.

Tokio Millennium Re names new CEO

By: Shelby Livingston

Published April 01, 2015 - 12:12pm CST

Stephan Ruoff will lead Tokio Millennium Re A.G. as CEO, the reinsurance unit of Tokio Marine & Nichido Fire Insurance Co. Ltd. announced Wednesday.

European reinsurers face market pressures after strong 2014

By: Matthew Lerner

Published April 01, 2015 - 12:05pm CST

Despite strong financial performance in 2014, European reinsurers face challenges going forward, A.M. Best Co. Inc. said in a new report Wednesday.

World's 10 largest captive domiciles

Published April 01, 2015 - 11:36am CST

The number of captives continues to grow, rising 7.1% in 2014 to a record 6,876. While captives now operate in more than five dozen countries and U.S. states, well over 60% of captives are based in the world' s 10 largest domiciles. Here's how those 10 domiciles ranked in Business Insurance's annual survey of the world's captive domiciles.

Bosch program utilizes wellness ambassadors, spouses

By: Matt Dunning

Published April 01, 2015 - 11:25am CST

As workplace wellness programs become more tailored to employee demographics and health conditions, employers' strategies in communicating the benefits of those programs must be similarly nuanced, experts say.

Reinsurers, insurance-linked securities not immune from market challenges

By: Matthew Lerner

Published April 01, 2015 - 11:25am CST

April reinsurance renewals showed continued downward pricing pressure and laid bare the similar challenges now being faced by the insurance-linked securities sector, Willis Group Holdings P.L.C. said in a statement Wednesday.

NFP acquires two related property/casualty agencies

By: Shelby Livingston

Published April 01, 2015 - 11:18am CST

New York-based broker NFP Corp. has acquired property/casualty insurance agencies Weber's Insurance Service Inc. and Weber's Assurance Group L.L.C.

U.S. targets overseas cyber attackers with sanctions program

Published April 01, 2015 - 9:20am CST

(Reuters) — The Obama administration on Wednesday launched the first-ever sanctions program to financially punish individuals and groups outside the United States that are engaged in malicious cyber attacks.

More 2014 securities class action filings involved accounting questions

By: Judy Greenwald

Published March 31, 2015 - 6:10pm CST

Securities class action filings involving allegations of accounting issues increased by 47% in 2014 compared with 2013, despite there being little change in the overall level of securities class action filings, according to a Cornerstone Research report.

Lufthansa flight school knew of crash pilot's depression

Published March 31, 2015 - 4:47pm CST

(Reuters) — The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, the airline said on Tuesday.

North Dakota's new oil train safety checks seen missing risks

Published March 31, 2015 - 4:24pm CST

(Reuters) — New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether the state’s much-anticipated rules will make oil train shipments safer.