July isnt over yet and dealmaking is already on track for the busiest third quarter on record, with volumes set to surpass $1 trillion.

American International Group Inc. Chief Executive Officer Peter Hancock hired former colleague Doug Dachille to oversee the insurers investment portfolio of more than $350 billion, and agreed to buy his firm.

Hartford Financial Services Group Inc., the insurer that has been using excess capital to repurchase shares and redeem debt, said it will be able to shift strategies to rebuild the company and possibly pursue acquisitions.

A deal would be Zurichs biggest since 2000 and would expand the insurer in the U.K. and Latin America.