QBE Subsidiary Sterling National Corp. Acquires Seattle Specialty

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 Insurance Services has provided insurance services to financial institutions since 1992. It will operate as a wholly owned subsidiary of Sterling National, under the continued leadership of founder, president and CEO Rick Pedack.

Headquartered in Sydney, Australia, QBE operates out of 49 countries. The Americas Division, headquartered in New York, conducts business through various property and casualty insurance subsidiaries in eight countries.

Seattle Specialty Insurance Services specializes in lender-placed commercial and residential property, auto, and flood risks.

Latest Comments

• September 3, 2010 at 1:43 am

  Delighted! says:

  Not only will they be right up there with The Travelers, but they will blow right on by. They have an awesome strategy that is really going to pay off. P.S. - Not a bad place ... read more
• September 3, 2010 at 4:52 am

  Wisconsin Bob says:

  This is a carrier that will be household name, up there with Traveler's within 5 years. On the right track, and nothing but good things coming from them.