QBE Insurance Group says it has created a new business model to join all of its reinsurance operations under one unified brand.

Allied World Assurance Co. Holdings says David Bell, chief operating officer, is leaving the company to pursue other interests in Montana. The news comes a day after Alleghany Corp. and Transatlantic Holdings Inc. announced the closing of their merger deal.

The mutual insurance company paid a record $1.2 billion in catastrophe claims during 2011, mostly from Midwestern wind and hail storms in April and May.

Lawmakers in Florida gave up on a bill industry experts say would have at least given homeowners another insurance option.

Lawmakers in Florida gave up on a bill industry experts say would have at least given homeowners another insurance option.

AIG's New Hampshire Insurance Co. has been cited for 125 violations related to alleged mishandling of claims after a California wildfire in 2008.

AIG's New Hampshire Insurance Co. has been cited for 125 violations related to alleged mishandling of claims after a California wildfire in 2008.

Tom Grady, commissioner of the Florida Office of Financial Regulation, has been tapped to be president of the states last-resort insurer.