While lawsuits against directors and officers of nonprofits are brought less often than those against their for-profit counterparts, the cost of defending a D&O liability claim can be substantial.

PartnerRe exited junk bonds and shifted funds into property as the reinsurer reshaped a $16 billion investment portfolio after being acquired by John Elkanns Exor SpA.

When the Atlantic hurricane season starts next week, the most active area might just be off the U.S. East Coast.