AIG., which opted against joining Maurice Hank Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isnt entitled to compensation over the insurers 2008 rescue.
PartnerRe Ltd. will ask its shareholders to vote on a planned merger with Axis Capital Holdings Ltd. after Exor SpA refused to raise a $6.8 billion hostile bid for the reinsurer.
Axis CEO Albert Benchimol, whos working to complete a merger with PartnerRe, said his company can withstand a collapse of the deal and that a termination fee would soften the blow.
Alleghany rose the most since December as Reuters reported that the company was approached about the possible sale of its Transatlantic reinsurance unit.
PartnerRe said it would engage in discussions with hostile bidder Exor to seek a better offer than the $6.8 billion proposal that the target company called unacceptable.