Best Affirms QBE Re (U.S.) ‘A’ Ratings

April 29, 2009

  • April 29, 2009 at 4:06 am
    Stan B. says:
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    Now if they could only figure out who they are, who they want to be, and where the heck they are going next. (and who they are buying next)

    This is a darned good company, and very strong, but they don’t know a lick about operating a regional insurance operation.

  • April 29, 2009 at 4:12 am
    WI agent says:
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    West Bend and Secura are not happy. They’re going in the tank and Acuity, Society, and General Casualty are soaring. West Bend just got scored with a NEGATIVE from AM Best, and is probably praying to stay above A- with all of their claims problems.

  • April 30, 2009 at 1:23 am
    Indy Indiana says:
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    From what I’ve observed, these Aussies only care about their financials, and making money on insurance. They buy, they gut the companies, and they keep what’s leftover, premium, accounts, or otherwise. Then they go buy again. They’re not interested in making their employees or their agents happy, just interested in making the almighty dollar. That is just a statement of opinion and maybe looking at the troubled corporations today, this is the right approach and the winning model? Make money, watch the bottomline, and everything else be danged?

  • April 30, 2009 at 1:31 am
    WI Agent says:
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    I hear what you are saying indy, but at the same time QBE is sound and solid, and they do provide good products and service. Meanwhile, so many regionals (a few in wisconsin) are buried in claim and reserving problems, and they’ll be forced to say dang it to the agents. so what is the right model? be strict and sound, and dependable? or be loose and stupid, and then backed into a position of saying screw it to your agents?

  • April 30, 2009 at 4:29 am
    West Bend Ron says:
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    We’ve taken some of their best people! And we’re going to take more!

  • May 1, 2009 at 5:41 am
    Wisconsin Spuds says:
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    Only a fool would join a Wisconsin regional right now, unless it is Acuity. Secura, West Bend, and Society are all a mess in claims, reserves, and future direction. AM Best put a negative rating on West Bend. And Wausau closed their doors.



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