Latest QBE Headlines

All the headlines from our QBE Topic Page, ordered by recency.

Wis. General Casualty, Unigard Purchase by QBE Insurance Finalized

Jun 1 2007 // The previously announced purchase of Wisconsin-based insurer General Casualty, its U.S. holding company, and sister company Unigard Insurance Group (Bellevue, Wash.) by Australia-based QBE Insurance Group was completed May...

S&P Raises British Marine Ratings To ‘A+’; Outlook Stable

Apr 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to “A+”...

QBE Acquires Cumbre Seguros

Feb 2 2007 // QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The...

Best Affirms QBE Ratings; Off Review

Feb 1 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of Australia’s QBE Insurance Group Limited, and the financial strength ratings (FSR) of “A” (Excellent)...

S&P Puts British Marine Ratings On CreditWatch/Positive

Jan 30 2007 // Standard & Poor’s Ratings Services has placed its “A” long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) on...

QBE to Acquire Winterthur US from AXA for $1.16 Billion

Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...

S&P Comments on, QBE-AXA-Winterthur US Deal

Jan 5 2007 // Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based...

Wis. General Casualty, Unigard Acquired by Australia-based QBE

Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...

Business Moves

Dec 24 2006 // Oregon Insurance Division, American StandardThe Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a...

Best Takes Various Rating Actions on QBE, Hannover Re and Praetorian

Dec 15 2006 // A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American...

QBE to Acquire Hannover Re’s US Praetorian Subsidiary

Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals.QBE...

Business Moves

Oct 23 2006 // Narragansett Bay, HanoverNarragansett Bay Insurance Co., a member of Pawtucket Insurance Group, has agreed to take over the Rhode Island homeowners insurance business of Hanover Insurance Co. The transaction involves...

Business Moves

Oct 23 2006 // OneBeacon,QBEOneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for approximately...

Business Moves

Oct 23 2006 // OneBeacon, QBEOneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...

Business Moves

Oct 23 2006 // OneBeacon, QBEOneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...

OneBeacon Completes Transfer of Agricultural Unit to QBE

Oct 3 2006 // On Sept. 29, OneBeacon Insurance Group completed its previously announced renewal rights and asset sale agreement that transfers its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance...

Business Moves

Sep 4 2006 // Progressive Drive, HomesiteDrive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...

OneBeacon Selling Agri Renewal Rights to QBE-U.S.

Aug 17 2006 // Boston-based OneBeacon Insurance Group has signed a binding agreement to transfer its Agri book renewal rights and certain OneBeacon Agri assets to QBE the Americas, a wholly owned division of Australia’s QBE...

Best Affirms QBE Re-U.S. ‘A’ Ratings

Aug 17 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The...

QBE 1H Operating Profit up 20% to $452 Million

Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...