QBE Insurance Group News

QBE Jumps on Premiums, North American Unit Outlook: Sydney Mover

QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, climbed to its highest level in more than two months on plans to increase premium rates and bring its North American unit back to profit this year. Shares in the …

Aon Benfield Securities Places $250 Million Cat Bond for QBE’s VenTerra Re

Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has successfully underwritten and placed a $250 million catastrophe bond issued by VenTerra Re Ltd, a Bermuda-based special purpose insurer. “VenTerra …

QBE Bond Risk Surges as U.S. Expansion Sours: Australia Credit Risk

Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month as the company said it would lose money. Credit-default swaps on QBE have climbed 41 basis points since Nov. 30 …

QBE Shares Drop Most in 12 Years on Unexpected U.S. Loss Forecast

QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, plunged the most in 12 years after forecasting an unexpected loss due to write-downs at its North American operations. The company predicts a $250 million loss for the year to …