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The majority of transactions are from private-equity backed buyers.

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.

Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said third-quarter profit advanced 1% as sales growth accelerated.

Insurers that have been supporting portfolios with credit risk to counter low interest rates should consider diversifying with alternatives such as private equity, asset manager Conning & Co. said.

BMW AG, Audi AG and Daimler AG will buy Nokia Oyjs digital-map unit for 2.8 billion euros ($3.1 billion) to gain technology for connected cars that will eventually be the basis for self-driving vehicles.

American International Group Inc. more than doubled its dividend and increased its share buyback by $5 billion after asset sales helped build up cash, even as results slumped at some of the main insurance operations.

Lost in all of the hoopla over the extremely active M&A environment is the fact that the great majority of sell-side transactions occur due to many firms inability to perpetuate internally.

First-quarter profit climbed 53% on gains at the unit selling property and casualty insurance to commercial clients.