American International Group Inc.s Steve Miller plans to relinquish his position as chairman of the insurers board, according to a person familiar with the matter.

Progressive said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits.

BlackRock, the worlds largest money manager, and Evan Greenbergs Ace, are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion.

AIG bought a controlling interest in NSM Insurance Group as it seeks to expand niche offerings.

The reinsurer says it is more than just a hedge fund investing vehicle.

Third Point Reinsurance doesn't expect to make any mergers in the near term.

Allstate said it will repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts estimates.

PartnerRe jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis, might draw bids from rivals to break up the deal.