Shares of the insurance broker are down 4% Friday after revenue missed estimates and reinsurance sales declined in the quarter.

Allied World Assurance Co., the seller of aviation and environmental insurance, fell the most since February as second-quarter profit missed analysts estimates amid a decline in sales.

Ace Ltd. Chief Executive Officer Evan Greenberg said the insurers formula for integrating companies gives him confidence that he can handle risks in emerging markets, even as he faulted Brazilian leaders for lousy economic policies.

American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations to halt firms from switching their legal address to cut obligations.

MGIC Investment Corp., the No. 3 U.S. mortgage guarantor, declined in New York trading after posting profit that missed some analysts estimates as sales of home-loan guarantees slowed.

MGIC Investment Corp., the No. 3 U.S. mortgage guarantor, declined in New York trading after posting profit that missed some analysts estimates as sales of home-loan guarantees slowed.

FM Global said Executive Vice President Thomas Lawson will replace Shivan Subramaniam as chief executive officer.

Progressive Corp. said second-quarter profit fell 9.6% as investment gains narrowed.