Ace CEO Evan Greenberg, whose insurer posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary.
Third Point Reinsurance, the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, N.J. as the location for a new U.S. subsidiary.
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.
Berkshire Hathaway is pushing to sell more insurance to energy and construction companies by offering as much as $25 million in new pollution coverage.
Hartford CEO Christopher Swift was named to the additional post of chairman in a transition that occurred earlier than the insurer had initially planned.