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News from Marsh Clearsight, Hiscox London, Travelers and more.

News from IAA, XL Catlin, ACORD and more.

Alleghany Corp. will pay $400 million to wind down reinsurance deals with AIG and Berkshire Hathaway Inc. for policies that date back decades.

(Re)insurance professionals Sleep Out on Sept. 25 raised more than $440,000 for homeless youth of New York. The initiative included more than 100 (re)insurance professionals who slept on the streets of New York.

On September 25, Covenant Houses (Re)Insurance Sleep Out will give insurance and reinsurance professionals a life-changing opportunity to experience what its like to be homeless for one night in New York City.

Alleghany rose the most since December as Reuters reported that the company was approached about the possible sale of its Transatlantic reinsurance unit.

The goal? To help build risk markets in underserved communities in emerging Asia, Latin America and Africa.

Skies are safer, but new risks are on the horizon.