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Exor is shunning the idea that it should take on more risk in PartnerRe Ltd.s investment portfolio after making an unsolicited buyout offer for the Bermuda-based company.

AIG acquired a minority stake in an investigative consulting firm as it seeks to offer clients protection from cyber attacks.

Citigroup is preparing to sell Prime Re, a subsidiary created five years ago to ease the spinoff of life insurer Primerica.

AIG hired Gaurav Garg from Marsh & McLennan Cos. Mercer unit as CEO of its personal-insurance division.

Marsh & McLennan said the brother of the CEO at its flagship unit was paid $1.07 million for his last full year with the company.

AIG is seeking as much as $507 million through the sale of part of its holding in PICC Property & Casualty Co., Chinas biggest non-life insurer.

Insurers doing business in N.Y. must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task.

AIG bought a controlling interest in NSM Insurance Group as it seeks to expand niche offerings.