Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
Best Downgrades QBE and Subs’ Issuer Credit Ratings; Affirms FSR
Dec 12 2013 // A.M. Best Europe – Rating Services Limited has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) of...
QBE Shares Drop Most in 12 Years on Unexpected U.S. Loss Forecast
Dec 9 2013 // 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...
Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee
Oct 21 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The...
QBE North America to Launch D&O Line, Names Grange As Leader
Aug 23 2013 // Jeffrey S. Grange has been appointed head of Management Liability and Professional Lines for QBE North America, which plans to launch a directors and officers (D&O) liability division. Grange has 25 years experience in...
QBE Net Income Falls 37% on Claims, Lower U.S. Premiums
Aug 20 2013 // QBE Insurance Group Ltd., Australia’s largest insurer by market value, posted a 37 percent fall in first-half net income as premiums fell in North America and it set aside more for unresolved claims. Net income...
QBE Sets Aside ‘Immediate Needs’ Payouts for Spain Train Crash Victims
Aug 2 2013 // Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of those affected by last week’s train crash in Galicia in northwest Spain, which left 79...
Allianz, QBE Have Largest Exposures to Spain Train Crash
Jul 29 2013 // Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain, according to sources at the companies. While Allianz’s Spanish...
New Residential Earthquake Claim Program Introduced by American Claims Management and QBE
Jun 18 2013 // San Diego, CA, 06/18/13 – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that it has been appointed as the TPA for a new residential earthquake claim program for...
New York Reaches Settlement With QBE, Assurant
May 6 2013 // New York officials announced on April 18 that a New York State Department of Financial Services (DFS) investigation produced a settlement with a major “force-placed” insurer QBE. The settlement with QBE, the...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
Insurance Firm QBE Laying off 113 in Lincoln, Nebraska
Mar 20 2013 // An insurance company is closing a call center in Lincoln, Neb., and laying off more than 100 people. The Lincoln Journal Star reports QBE North America will close the call center on May 10 and eliminate 113 jobs. The...
Australia’s QBE Profits Reduced by Higher Claims; Cuts Dividend
Feb 26 2013 // QBE Insurance, Australia’s biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its dividend and...
Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues
Jan 25 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of California-based Balboa Insurance Company and its wholly owned subsidiaries,...
Ratings Recap: ASSA/Lion Re, Local Tapiola, Liffey Re, Del Istmo, QBE Del Istmo
Jan 11 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Panama City-based ASSA Compania de Seguros, S.A. (ASSA), as well as the FSR...
Praetorian Offers to Lower Florida Forced-Placement Rates by 18.8%
Dec 18 2012 // A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, despite the fact that state regulators said the rate decrease should be double that...
Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Best Revises ICR Outlook to Negative for QBE Group and Subs; Affirms Ratings
Nov 16 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
Former QBE CEO O’Halloran to Join Australia Broker Steadfast Group
Oct 9 2012 // QBE’s former CEO Frank O’Halloran’s retirement didn’t last long. Following discussions with the company he headed until last August, it’s been agreed that any anti-competition clause following...
Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades Some ICR’s
Oct 2 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Best Affirms QBE Insurance Group ‘A’ Ratings; Outlook Stable
Oct 1 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
