Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
QBE Americas to Acquire North Pointe
Jan 4 2008 // Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of...
QBE H1 Net up 56% to $740 Million
Aug 20 2007 // Australia’s QBE Insurance Group reported a hefty 56 percent increase in after tax net profit for the half year to June 30, 2007 to a record A$921 million (US$740 million), compared to A$591 million (US$475 million)...
QBE the Americas’ President, CEO John Pollock to Retire
Aug 6 2007 // QBE the Americas has announced that president and CEO John Pollock will retire at year-end after 29 years of service to the company. Pollock will continue as chairman of the General Casualty and Unigard board of directors....
Best Affirms QBE Group Ratings
Jun 26 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited, Australia’s QBE Insurance...
Business Moves
Jun 18 2007 // Blackstone Group, Alliant Alliant Insurance Services Inc., one of the nation’s largest insurance brokerage firms, announced that The Blackstone Group, in partnership with Alliant’s management and employees,...
Business Moves
Jun 18 2007 // BB&T, Reese BB&T Insurance Services plans to expand its metro Atlanta operation with the acquisition of Reese Insurance Associates Inc. of Riverdale, Ga., which sells commercial and personal property and casualty...
Ratings Recap: QBE (US); HSBC; Genworth; State Farm; Mystic Re II
Jun 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed...
Wis. General Casualty, Unigard Purchase by QBE Insurance Finalized
Jun 1 2007 // The previously announced purchase of Wisconsin-based insurer General Casualty, its U.S. holding company, and sister company Unigard Insurance Group (Bellevue, Wash.) by Australia-based QBE Insurance Group was completed May...
S&P Raises British Marine Ratings To ‘A+’; Outlook Stable
Apr 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to “A+”...
QBE Acquires Cumbre Seguros
Feb 2 2007 // QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The...
Best Affirms QBE Ratings; Off Review
Feb 1 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of Australia’s QBE Insurance Group Limited, and the financial strength ratings (FSR) of “A” (Excellent)...
S&P Puts British Marine Ratings On CreditWatch/Positive
Jan 30 2007 // Standard & Poor’s Ratings Services has placed its “A” long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) on...
QBE to Acquire Winterthur US from AXA for $1.16 Billion
Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...
S&P Comments on, QBE-AXA-Winterthur US Deal
Jan 5 2007 // Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based...
Wis. General Casualty, Unigard Acquired by Australia-based QBE
Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...
Business Moves
Dec 24 2006 // Oregon Insurance Division, American Standard The Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a...
Best Takes Various Rating Actions on QBE, Hannover Re and Praetorian
Dec 15 2006 // A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American...
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
Business Moves
Oct 23 2006 // Narragansett Bay, Hanover Narragansett Bay Insurance Co., a member of Pawtucket Insurance Group, has agreed to take over the Rhode Island homeowners insurance business of Hanover Insurance Co. The transaction involves...
Business Moves
Oct 23 2006 // OneBeacon,QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
