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Wenning, 51, is currently a board member with responsibility for life reinsurance and human resources.

Munich Re, the worlds second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations.

AIG plans to return $25 billion to shareholders over the next two years.

MetLife, the largest U.S. life insurer, said its considering a sale, spinoff or public offering of much of the retail operation.

This is the first of six cases in which plaintiffs' lawyers are attempting to prove the automobile giant was late to recall cars with defective switches and engaged in a massive cover-up to avoid liability.

American International Group Inc., posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400 senior-level jobs.

Ace Ltd. is said to be planning to sell $5.3 billion in bonds to finance its acquisition of Chubb Corp.

Volkswagen's worldwide repair of 11 million diesel vehicles to bring their emissions systems into compliance with pollution regulations is shaping up to be one of the most complex and costly fixes in automotive history.