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.

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.

Average pharmacy spend per injured worker is increasing due in large part to increases in prescription drug prices, according to a report from PMSI.

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.