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XL agreed to purchase Catlin, a Lloyds of London company, for about 2.8 billion pounds ($4.2 billion) as the buyer expands in specialized commercial insurance.

Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europes biggest insurer grapples with upheaval at Pacific Investment Management Co.

A confidential report and a fired examiners hidden recorder penetrate the cloistered world of Wall Streets top regulatorand its history of deference to banks.

AIG named Kevin Hogan to lead its main life-insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management.

AIG's Q2 profit climbed 13% on a gain tied to the sale of an aircraft-leasing unit in the insurers final earnings report under CEO Robert Benmosche.

AIG CEO Robert Benmosche has reportedly warned employees against buying homes in the New York area, and told Bloomberg Television the company is moving people out of higher-cost cities to lower-cost U.S. cities and offshore.

Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, have launched a class action lawsuit to win compensation for the small community.

Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, have launched a class action lawsuit to win compensation for the small community.