Reinsurance

Munich Res new profit target of $2.6 billion now includes restructuring costs at the Ergo primary-insurance unit.

Intact Financial Corp. said it will post insured losses of as much as $850 million from the wildfires in Alberta, which may dent the Canadian economy harder than Hurricane Katrina hit the U.S.

News from Main Street America, Lockton, Boston Mutual and more.

Axa SA, Frances largest insurer, is open to more acquisitions to keep expanding in Brazil even as Latin Americas largest economy suffers its deepest recession on record.

The wildfires spreading around Canadas oil-sands hub of Fort McMurray may become the costliest catastrophe in the countrys history with losses potentially reaching $7.3 billion.

Evan Greenberg, who built one of the worlds largest insurers by combining Ace Ltd. and Chubb Corp. this year, sought to portray the merged company as a more stable alternative than hobbled rivals who are seeking to rebound.