Reinsurance

The largest commercial insurer in the U.S. and Canada sold 740 million shares of PICC P&C near the low end of a marketed range.

Europes biggest insurer was helped by gains from selling investments.

Warren Buffett, who built Berkshire Hathaway Inc. by reinvesting premiums from insurance units, said low bond yields have hurt the prospects of that strategy.

News from Aspen, AmWins, Verisk and more.

Swiss Re AG, the worlds biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure.

Experts say theres a 70% chance of an earthquake directly hitting the greater Tokyo area, home to 36 million people, within the next three decades.