AIG, Chubb, AJG named top non-life insurance picks at Wells Fargo

• Last week's reinsurance pact with Berkshire Hathaway eliminates tail risk on most of AIG's commercial lines business while moving the focus to underlying margins.
• Chubb (NYSE:CB) is soon set to demonstrate the earnings power created by its merger with ACE.
• Arthur J. Gallagher (NYSE:AJG) is poised to benefit from the rebounding U.S. economy.
• Source: TheFly