Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
S&P Sees No Effect on Australian Insurers’ Ratings from Tsunami Losses
Dec 29 2004 // Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean...
Best Assigns ‘bbb+’ Rating to QBE Notes
Sep 23 2004 // A.M. Best Co. announced that it has assigned a rating of “bbb+” to the proposed £175 million ($315 million) senior notes due 2009 to be issued by Australia’s QBE Insurance Group Limited, the...
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
S&P Assigns ‘A-‘ Rating to QBE Debt Securities
Sep 22 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” senior debt rating to Australian insurer QBE’s Funding Trust III’s US$375 million 20-year zero coupon senior...
Best Announces Rating Actions on QBE Group
Sep 21 2004 // A.M. Best Co. announced that it has assigned an issuer credit rating (ICR) of “bbb+” to Australia’s QBE Insurance Group Limited, the non-operating holding company of the QBE group of companies. Best also...
Fitch Downgrades QBE Group to Long-term ‘A’
Sep 13 2004 // Fitch Ratings announced from London that it has downgraded Australia’s QBE Insurance Group Limited’s Long-term rating to ‘A’ from ‘A+’. Fitch also it expects to assign an “A”...
Zurich Singapore Sale to QBE Completed
Jul 1 2004 // Zurich Financial Services Group (Zurich) announced the completion of the sale of 100 percent of the share capital of Zurich Insurance (Singapore) Pte. Ltd. (Zurich Singapore) to QBE Insurance (International) Limited...
S&P Lowers Mercantile Mutual Rating
Jul 1 2004 // Standard & Poor’s Ratings Services announced that it has lowered its insurer financial strength and counterparty ratings on Australian insurer Mercantile Mutual Insurance Ltd. (MMIA) “A+” from...
S&P Affirms Two QBE Operating Units ‘A+’ Ratings
May 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance...
Zurich to Sell Singapore Operations to Australia’s QBE
May 24 2004 // Zurich Financial Services Group announced that it has signed an agreement with Australia’s QBE Insurance (International) Limited for QBE to acquire 100 percent of the share capital of Zurich Insurance (Singapore)...
S&P Places Mercantile Mutual on CreditWatch-Negative
May 14 2004 // Standard & Poor’s Ratings Services announced that it has placed its “AA-” counterparty credit and insurer financial strength ratings on Mercantile Mutual Insurance (Australia) Ltd. “on...
ING Posts Q1 Gains in all Sectors Gains; Will Sell Australian Business to QBE
May 13 2004 // Holland’s ING Group made a strong start for 2004, announcing a 32 percent rise in operating net profits to 1.191 billion euros ($1.41 billion) or 57 euro cents ($0.67) per share. Overall net profits increased to...
QBE the Americas Licenses FormsPlus
Feb 16 2004 // Allen Beggs, president and co founder of Valencia, Calif.-based QualCorp,Inc. announced that QBE the Americas (“QBE”) has licensed the FormsPlus Enterprise product. QBE will use the FormsPlus Enterprise...
A.M. Best Affirms Rating of QBE Re Group – U.S.
Nov 28 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE...
QBE Strengthens Capital with $250 Million Debt Issue
Apr 10 2002 // Australia’s QBE Insurance group has completed a 20-year convertible debt issue of U.S. $250 million, which the company said would be used to pay off some existing bank loans and to strengthen its balance sheet. QBE,...
Australia’s QBE Posts $13 Million Loss for 2001
Mar 13 2002 // QBE, the Australian insurer, which actually derives over 80 percent of its business from outside the country, ended its 20 year record of increasing profits with the announcement that of a $13 million loss for 2001. Right...
A.M. Best Affirms QBE Group Ratings
Jan 16 2002 // In three separate, but related, actions A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of QBE Reinsurance Europe, QBE International Insurance Ltd. and another subsidiary, Iron Trades Ins. Co. Ltd....
QBE, RenRe Make Public Share Offerings
Oct 16 2001 // Australia’s QBE and Bermuda’s RenaissanceRe have launched public offerings of their shares in an effort to raise additional capital. QBE, which controls around 8 percent of the Lloyd’s market, and is...
Trading in QBE Shares Suspended
Sep 20 2001 // The Australian Stock Exchange halted trading in the shares of insurer QBE Insurance Group Ltd. in response to the sharp drop in their value following the announcement of QBE’s exposure to large losses from the...
S&P Downgrades QBE’s Underwriting Units
Sep 19 2001 // The underwriting entities which make up Australia’s QBE Group became the first insurers to be downgraded by Standard & Poor’s following its assessment of the group’s exposure to the World Trade...
