BofA Sells Balboa Insurance Portfolio to Australia’s QBE February 4, 2011 By Michael Smith Bank of America agreed to offload its Balboa insurance portfolio to Australia’s QBE Insurance for more than $700 million, the...
No Comment from QBE on Report of Talks to Buy Balboa from BofA February 3, 2011 QBE Insurance, Australia’s biggest insurance group, is in talks to buy U.S. insurer Balboa from Bank of America , a...
Best Withdraws Ratings of Various QBE U.S. Subsidiaries Following Reorganization February 2, 2011 A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+”...
Catlin U.S. Completes Purchase of Blue Ridge Insurance January 18, 2011 The Bermuda-based Catlin Group Limited has purchased Blue Ridge Insurance Co. (BRIC) from the QBE Insurance Group. Catlin will rename...