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.
The settlements were the latest in a series of resolutions since the 2010 sinking of the Deepwater Horizon in the Gulf of Mexico, spilling millions of gallons of oil.
Trying to save on your car insurance premiums in New Jersey by lying about where you drive and garage your vehicle can now send you to prison and cost you a big fine.
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.