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Mr. Fasano, who will join AIG in October, will report to AIG President and Chief Executive Officer, Peter D. Hancock.

Mr. Fasano, who will join AIG in October, will report to AIG President and Chief Executive Officer, Peter D. Hancock.

Alan Greenspan is famously gloomy on the U.S. economy these days. New York Life's John Kim, begs to differ.

Alan Greenspan is famously gloomy on the U.S. economy these days. New York Life's John Kim, begs to differ.

Russia strikes again? FBI investigating if breach is in retaliation of U.S.-imposed sanctions on Russia

Russia strikes again? FBI investigating if breach is in retaliation of U.S.-imposed sanctions on Russia

Reinsurer Swiss Re promoted David Cole to finance chief and raised its payout to shareholders after an unexpected rise in annual profit, taking the sting out of falling prices for new business.

The industry is recognizing the need to leverage data and analytics, and must hire the talent with analytical know-how to improve profitability.