Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
Business Moves
Sep 4 2006 // Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...
OneBeacon Selling Agri Renewal Rights to QBE-U.S.
Aug 17 2006 // Boston-based OneBeacon Insurance Group has signed a binding agreement to transfer its Agri book renewal rights and certain OneBeacon Agri assets to QBE the Americas, a wholly owned division of Australia’s QBE...
Best Affirms QBE Re-U.S. ‘A’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The...
QBE 1H Operating Profit up 20% to $452 Million
Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...
S&P Lowers QBE Hongkong Rating
May 15 2006 // As previously indicated (See IJ Website May 11), Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance...
S&P Puts QBE Hongkong on CreditWatch after Guarantee Withdrawn
May 11 2006 // Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai...
QBE Reports 2005 Profits Up 27% to $806 Million
Feb 23 2006 // The directors of Australia’s QBE Insurance Group Limited announced that net profit after tax for the 2005 financial year increased by 27 percent to A$1.091 billion (US$806 million). Profit before tax was up 37...
S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation
Feb 13 2006 // Standard & Poor’s Ratings Services announced that it has affirmed its long-term “A+” counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer QBE Insurance Co. (U.K.)...
Best Affirms QBE’s Key Operating Subsidiaries ‘A’ Ratings
Jan 12 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of the following subsidiaries of Australian insurer QBE: QBE...
Vietnam’s BIDV Bank to Acquire QBE’s Insurance Co. Stake
Jan 9 2006 // The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company. As reported by Asia Pulse on...
QBE (Europe) Ratings “Unaffected” by Branding Change Says S&P
Nov 10 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on the recently rebranded QBE Insurance (Europe) Ltd., rated “A+” with a stable outlook, (formerly QBE International...
S&P Raises British Marine Luxembourg Ratings to ‘A’
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to...
OneBeacon Closes Sale of National Farmers Union to QBE
Oct 4 2005 // OneBeacon Insurance Group in Boston has completed the sale of National Farmers Union Property and Casualty Company subsidiary to QBE Insurance Group as planned for approximately $142 million. The transaction included...
QBE Buying British Marine
Sep 27 2005 // Australia’s QBE Insurance Group today announced that it has signed an agreement to acquire the U.K.-based specialist marine insurer, British Marine Holdings Limited. The deal is expected to close before December 31,...
QBE Reports Record $375 Million 1st Half Profit
Aug 17 2005 // Australia’s QBE Insurance Group announced a record profit after tax of A$491 million (US$375 million) for the half year to 30 June 2005, an increase of 43 percent on the profit after tax of A$343 million (US$262...
OneBeacon Sells National Farmers Union to QBE
Jul 27 2005 // OneBeacon Insurance Group in Boston has agreed to sell its National Farmers Union Property and Casualty Company (NFU) subsidiary to QBE Insurance Group for approximately $142 million, subject to adjustment based on closing...
Best Upgrades QBE Int’l. Ratings
Jun 10 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating of the U.K.-based QBE International Insurance Limited (QIIL) to “A” (Excellent) from “A-” (Excellent) and the issuer credit...
Best Upgrades QBE (UK) Ratings
Jun 10 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating of QBE Insurance Company (UK) Limited (QBE UK) to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to...
QBE Adds Greenhill Underwriting Group
Mar 1 2005 // QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market. Greenhill is a UK-based underwriting...
QBE 2004 Operating Profit up 43% to $645 Million
Feb 25 2005 // Australia’s QBE Insurance Group announced a record operating profit after tax of A$820 million (U.S. $645 million) for the year ended Dec. 31, 2004, up 43 percent on the profit of A$572 million (U.S.$450 million)...
