Willis offered to buy 70% of French broker Gras Savoye to expand in France, Eastern Europe and the Middle East.

Travelers said first-quarter profit fell 21% as investment income slipped on energy-related bets.

Willis promoted Rafal Walkiewicz and Michael Guo to lead the investment-banking operation, and is focusing on Asia in advising insurance takeovers.

Exor is shunning the idea that it should take on more risk in PartnerRe Ltd.s investment portfolio after making an unsolicited buyout offer for the Bermuda-based company.

AIG named Douglas M. Steenland as the insurers seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to CEO last year.

Radian CEO S.A. Ibrahim said the mortgage insurer is poised to expand after its first profitable year since 2006.

American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the company.

Windstorms Mike and Niklas, which swept across Europe last month, probably cost insurers more than $1 billion.