QBE Europe to Purchase Munich Re’s Evergreen Brand, Renewal Rights

QBE European Operations (QBE EO), the specialist business insurer, announced its purchase of the brand and renewal rights of the Evergreen portfolio from MSP Underwriting Limited, the Lloyd’s underwriting agency, which is owned by Munich Re.

“Brokers consistently rate Evergreen as offering one of the market’s highest levels of service. The combination of the team’s high quality service skills and QBE’s technical and distribution strengths, will assist QBE EO in its ambition of growing its property business and expanding its UK National capabilities,” said the bulletin.

Bernard Mageean, Managing Director, Property, QBE European Operations explained: “The Evergreen business model fits very well with our commitment to offer a comprehensive and quality property proposition to our brokers and clients. I am looking forward to working with the Evergreen team and learning from their specialist expertise, which will be invaluable in supporting the ongoing growth of QBE’s property business as we move towards our goal of building a top five position in the UK market.”

Source: QBE European Operations – www.uk.qbe.com