Reinsurance

Property and casualty coverage income slipped 38% to $720 million.

Deputy Commissioner David Altmaier replaces Kevin McCarty as head of the Florida Office of Insurance Regulation.

The largest commercial insurer in the U.S. and Canada sold 740 million shares of PICC P&C near the low end of a marketed range.

Europes biggest insurer was helped by gains from selling investments.

Warren Buffett, who built Berkshire Hathaway Inc. by reinvesting premiums from insurance units, said low bond yields have hurt the prospects of that strategy.

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