Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
QBE Expects Large Losses from U.S. Disaster
Sep 18 2001 // Australia’s QBE has acknowledged that it stands to be hit hard by disaster losses in the U.S. after last Tuesday’s terrorist attacks. As yet it’s released no figures, but has said that the losses would be...
Australia’s QBE Posts Profit Gains for 1st Half
Aug 30 2001 // Helped by recent acquisitions, QBE Insurance, Australia’s second largest general insurer after NRMA, posted a strong 56 percent gain in interim net profits to A$122 million (U.S.$64.4 million) for the first half of...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 15 2001 // QBE Reinsurance Corporation announced that its parent, QBE Insurance Group Limited, had made an additional capital contribution of $50 million. The contribution increases the policyholders’ surplus of QBE Reinsurance...
QBE To Realign Lloyd’s Syndicates, Increase Capacity
Jun 27 2001 // Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates...
QBE Re Group Affirmed
Jun 25 2001 // QBE Re Group had its FSR of “A” affirmed by A.M. Best Co. The rating applies to QBE Reinsurance Corp. (formerly Sydney Reinsurance Corp.) and its reinsured subsidiary, QBE Insurance Corp. The rating highlights...
QBE Acquires HIH, Reliance Latin American Subsidiaries
Apr 18 2001 // Australia’s QBE Insurance expanded its Latin American presence with the purchase of Argentina’s HIH Aseguradora de Riesgos del Trabajo from HIH, and three other South American insurers from the U.S.’s...
Australian Insurer HIH Seeks Bankruptcy Protection as Losses Mount
Apr 9 2001 // HIH Insurance Ltd., following in the footsteps of ReAC and GIO, became the latest Australian insurance company to be forced to the wall by mounting losses. Rumored to be in deep trouble for the last six months, the...
QBE Nears 90 Percent of LIMIT Shares
Aug 15 2000 // Shareholders of Limit Plc have tendered a total of 89.6 percent of their shares to Australia’s QBE Insurance Group, the successful bidder for the Lloyd’s underwriter and syndicate manager with its 140 pence...
QBE Wins Battle For Limit Plc
Jun 29 2000 // The ongoing battle between Wellington Plc and Australia’s QBE Insurance Group for control of Lloyd’s insurer Limit Plc has been decided in favor of the Aussies, as Limit’s directors reversed their...
Wellington , QBE Raise Bids For Limit Plc
Jun 28 2000 // The ongoing battle to acquire Lloyd’s insurer Limit Plc continues to heat up as both contenders, Australia’s QBE and London insurer Wellington Underwriting Plc, upped their offers by as yet undisclosed...
LIMIT Plc Rejects New QBE Bid
Jun 9 2000 // Australian insurer QBE International Group Ltd.’s efforts to acquire the U.K.’s LIMIT Plc, a Lloyd’s underwriter, seem to be going nowhere. QBE made an unsolicited bid for LIMIT at the beginning of May,...
