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Cusano joins AIG from Accenture, where he spent the majority of his career serving the insurance industry.

Third-quarter net income at Warren Buffets Berkshire Hathaway fell about 24 percent to $2.28 billion on more than $2.4 billion in losses on derivatives.

San Francisco-based Wells Fargo & Co. says 2011 third-quarter income in its insurance-services segment improved 7 percent on a year-over-year basis, but dropped 26 percent on a quarter-to-quarter basis.

San Francisco-based Wells Fargo & Co. says 2011 third-quarter income in its insurance-services segment improved 7 percent on a year-over-year basis, but dropped 26 percent on a quarter-to-quarter basis.

BB&T Corp. said its insurance operations produced record quarterly revenues despite the impact of the soft market.

Wells Fargo reported first-quarter insurance segment earnings rose 7 percent, contributing to overall net income of $2.5 billion for the San Francisco-based bank.

The bank said its insurance arm has acquired Burkey Risk Services of metro Orlando, Fla.; Savannah Reinsurance Underwriting Management LLC, a reinsurance broker based in Stamford, Conn.; Alpharetta, G

BISYS said revenues in its insurance segment increased on the strength of acquisitions, but organic growth in the fiscal third quarter declined less than one percent, pulled down by weakness in the co