QBE Americas Increases Capital by $50 Million

QBE the Americas announced that its parent, Australia’s QBE Insurance Group Limited, will contribute an additional $50 million of capital to its subsidiaries in the U.S. to support premium growth. This contribution increases the policyholders’ surplus of QBE the Americas to over $425 million.

President & CEO of QBE the Americas Tim Kenny commented: “The additional capital is a further demonstration of QBE’s commitment to its insurance and reinsurance business in the United States and Latin America. The contribution enhances our ability to generate profitable business opportunities and provides additional capacity to our clients.”