Italys Exor has been reshaping PartnerRe after buying the company for about $6 billion this year.

Assurant said catastrophes, including flooding in Louisiana, hurt the property unit.

Higher non-catastrophe weather-related losses and higher-than-expected losses associated with auto bodily injury weighed on results.

Third Point Reinsurance Ltd. likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong.

AIG agreed to sell commercial and consumer units in nations including Argentina and Turkey to Prem Watsas Fairfax Financial Holdings Ltd. for $240 million.

Berkshire was among the five largest insurers for aircraft risks in the U.S. and Canada in 2014.

U.S. property-casualty insurers fell for a third time in four days as Hurricane Matthew approached Florida.