All the headlines from our QBE Topic Page, ordered by recency.
Aug 10 2011 // Impressive US growth has capture market’s attentionDALLAS, August 10, 2011 – Rob Byler, President and Head of Program Business at QBE, will deliver a keynote presentation to over 400 insurance industry executives...
Jun 2 2011 // Australia’s QBE announced it has completed acquisition of Balboa’s Insurance portfolio, following the agreement with Balboa’s parent, Bank of America, to do so last February. QBE noted that the...
Mar 21 2011 // Maritime General AgencyMaritime General Agency combined three niche marine insurance underwriting facilities into Maritime Program Group: Maritime General Agency, Marine MGA and Windward Marine Underwriters. Maritime...
Mar 8 2011 // Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the...
Mar 1 2011 // The Australia-based QBE Group reported net after tax profits of *$1.278 billion for 2010, a 17 percent decrease from the $1.532 billion reported for 2009. However, the decline was almost entirely due to a drop in...
Feb 21 2011 // Mercury General, Florida Citing fourth quarter losses in Florida of $19 million, Mercury General said it would begin withdrawing from the state’s homeowners insurance market. The company will send the mandatory...
Feb 17 2011 // A.M. Best Europe – Rating Services Limited has commented that the rating of Australia’s QBE Insurance Group Limited is “unchanged following the announcement that it has entered into a ten-year distribution...
Feb 16 2011 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based QBE Re Group – US and its members are unchanged following...
Feb 4 2011 // QBE the Americas created a U.S.-based general aviation underwriting operation.Headquartered in Atlanta, QBE the Americas’ Aviation Team is designed to expand the company’s global aviation activities. QBE is...
Feb 4 2011 // Bank of America agreed to offload its Balboa insurance portfolio to Australia’s QBE Insurance for more than $700 million, the latest in a string of asset sales by the U.S. lender as it recovers from the global credit...
Feb 3 2011 // QBE Insurance, Australia’s biggest insurance group, is in talks to buy U.S. insurer Balboa from Bank of America , a media report said on Thursday, sparking talk that QBE would have to sell new shares to help fund the...
Feb 2 2011 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Blue Ridge Insurance Company (BRIC) (Sun Prairie, WI), United Security...
Nov 19 2010 // A.M. Best Co. and Standard & Poor’s Ratings Services have both placed their credit and financial strength ratings on RenaissanceRe’s U.S. insurance companies under review with negative implications.The...
Nov 18 2010 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has “entered into a definitive agreement with QBE Holdings, Inc. to sell its U.S. property and casualty business underwritten through managing general...
Sep 30 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
Sep 3 2010 // QBE today announced that its subsidiary, Sterling National Corp., has acquired Seattle Specialty Insurance Services Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty...
Jul 19 2010 // First Mercury, ValiantFirst Mercury Financial Corp., based in Southfield, Mich., reported that its principal insurance subsidiary, First Mercury Insurance Co., is acquiring Valiant Insurance Group Inc., a subsidiary of...
Jul 13 2010 // QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s...
Jul 2 2010 // Lightyear Capital LLC, a New York-based private equity firm, has completed the sale of crop insurer The NAU Group to QBE Holdings, Inc. NAU is now a wholly-owned subsidiary of QBE. As consideration for the merger, QBE made...
Jun 8 2010 // CNA Financial Corporation announced that it has completed the sale of its Argentinean subsidiary, CNA Aseguradora de Riesgos del Trabajo (CNA ART S.A.), to QBE the Americas, the Australia-based insurer and reinsurer.The...