Insurance industry payouts related to last year's sinking of cruise liner Costa Concordia have continued to rise and are likely to top $1.1 billion as salvaging of the wreck continues, reinsurer Munich Re said on Tuesday.

Hub International Ltd will be sold to funds managed by private equity firm Hellman & Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion, Hub said on Monday.

Europe's No. 2 insurer, AXA, said on Friday its first-half net income edged 1 percent lower on a like-for-like basis, as a $302 million accounting loss on interest rate hedging instruments offset operational gains.

Europe's No. 2 insurer, AXA, said on Friday its first-half net income edged 1 percent lower on a like-for-like basis, as a $302 million accounting loss on interest rate hedging instruments offset operational gains.

Allianz's operating profit grew more strongly than expected in the second quarter, with a strong performance in property and casualty insurance and asset management overcoming weakness in life insurance.

Allianz's operating profit grew more strongly than expected in the second quarter, with a strong performance in property and casualty insurance and asset management overcoming weakness in life insurance.

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter.

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter.