Senate Democrats announced that they have the votes to secure passage of financial services reform legislation in the Senate after getting support Monday night from Sen. Olympia Snowe, R-Maine.
Bermuda reinsurers are expected to have a difficult second quarter, with a challenging near-term outlook, as pricing remains under pressure with no sign of rate increases, and profits hit by recent losses, according to a financial analyst's report.
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Acquisition activity is expected to heat up for the second half of the year among the major insurance brokers, despite the strong headwinds they face to revenues, according to a financial analyst's report.
The workers compensation market experienced a 6.5 percent growth in total pharmacy spending per injured worker in 2009, according to a report by a pharmaceutical products provider.
SunGard has created a new enterprise risk management (ERM) framework that will help support insurance companies' Solvency II (SII) compliance initiatives.
A 6.5 magnitude earthquake shook the Bio-Bio region of Chile early Wednesday morning but there have been no reports of significant damage, a catastrophe modeler said.