Activist investor Carl Icahn, whos pushing AIG CEO Peter Hancock to shrink the insurer and boost returns, said the CEOs presentation next week on his vision must offer a drastic strategic shift.

MetLife, the largest U.S. life insurer, said its considering a sale, spinoff or public offering of much of the retail operation.

Zurich puts to work excess cash left over from a separate takeover bid that it abandoned this year.

Robert Markel has been hired after allegations in August that an insider-trading ring relied on computer hackers to pilfer media announcements.

Towers Watson won shareholder approval for an $8.9 billion merger with Willis after negotiating better terms with the insurance broker.

Liberty Mutual Holding Co., the second-largest U.S. property-casualty insurer, posted its worst loss in at least a decade.

The transaction remains inappropriately structured and Towers Watson investors should reject the deal, Glass Lewis said in an updated report.

Allstate Corp., the largest publicly traded U.S. car and home insurer, elected former Fidelity Investments money manager Jacques Perold to its board.