AIG would weigh acquisitions to bolster high-priority businesses, even as CEO Peter Hancock exits other units, the head of the companys commercial insurance operation said.

Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting.

Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500 Index, according to insurance broker Aon.

The CEO is focusing on improving margins in the property-casualty operations that are the core of AIG.

Travelers Cos. said quarterly profit slipped 18 percent to its lowest since 2012 as costs tied to natural disasters rose while income from investments fell.

Allstate is looking for a new chief investment officer to manage the insurer's credit-focused $79 billion portfolio.

A new report from S&P Global Ratings says reinsurance companies set up by hedge funds will continue to struggle.

Travelers Cos. said Doreen Spadorcia, who has been with the insurer for about 30 years, is retiring from her post as chief executive officer of personal coverage.