AIG hired Gaurav Garg from Marsh & McLennan Cos. Mercer unit as CEO of its personal-insurance division.

Don't be a fool. Make this April the month you seize the checklist. E&O claims analysis has shown conclusively that the regular application of coverage checklists is a key driver of better coverage recommendations, higher sales, increased revenues and lower E&O exposure for the agency.

Endurance Specialty Holdings agreed to buy Montpelier Re for about $1.83 billion in cash and stock months after abandoning a hostile bid for another Bermuda-based insurance company.