Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
Australia’s QBE Profits Reduced by Higher Claims; Cuts Dividend
Feb 26 2013 // QBE Insurance, Australia’s biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its dividend and...
Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues
Jan 25 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of California-based Balboa Insurance Company and its wholly owned subsidiaries,...
Ratings Recap: ASSA/Lion Re, Local Tapiola, Liffey Re, Del Istmo, QBE Del Istmo
Jan 11 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Panama City-based ASSA Compania de Seguros, S.A. (ASSA), as well as the FSR...
Praetorian Offers to Lower Florida Forced-Placement Rates by 18.8%
Dec 18 2012 // A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, despite the fact that state regulators said the rate decrease should be double that...
Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Best Revises ICR Outlook to Negative for QBE Group and Subs; Affirms Ratings
Nov 16 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
Former QBE CEO O’Halloran to Join Australia Broker Steadfast Group
Oct 9 2012 // QBE’s former CEO Frank O’Halloran’s retirement didn’t last long. Following discussions with the company he headed until last August, it’s been agreed that any anti-competition clause following...
Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades Some ICR’s
Oct 2 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Best Affirms QBE Insurance Group ‘A’ Ratings; Outlook Stable
Oct 1 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
Retrial Ordered in Florida Condo Association Suit Against QBE Insurance
Sep 24 2012 // A federal appellate court has reversed a $7.2 million judgment and ordered a new trial in a Florida hurricane insurance case. The 11th Circuit Court of Appeal issued the ruling in Atlanta based on a May opinion by the...
Best to Assign Ratings to Merged QBE European Reinsurance Entities
Sep 13 2012 // A.M. Best Europe – Rating Services Limited has commented that it expects to assign a financial strength rating (FSR) and an issuer credit rating (ICR) to UK-based QBE Re (Europe) Limited) on or shortly after 30 September...
O’Halloran Steps Down as QBE Group CEO; Neal to Replace Him
Aug 17 2012 // On the same day that it released its first half year earnings report for 2012, Australia’s QBE Group announced the departure of long-time Group CEO Frank O’Halloran, who has stepped down from the position as of...
Earnings Report: QBE Group
Aug 17 2012 // Selected earnings highlights in US dollars from Australia’s QBE Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $9.233 bn $8.942...
Best Upgrades QBE Optima’s Ratings to ‘A-‘; Outlook Stable
Aug 16 2012 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company,...
QBE Launches Packaged Protection for Business Owners
Aug 9 2012 // QBE is now offering business owners protection all in one package. Owners of small- to medium-sized companies may now insure their businesses and business vehicles, and provide workers’ compensation to their...
Florida Court OK with Insurer Not Following Hurricane Deductible Notice to a ‘T’
Jun 18 2012 // The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled. The Florida...
Florida Court: No Penalty for Insurer Not Following Deductible Disclosure to a ‘T’
Jun 6 2012 // The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled. The Florida...
QBE Expands Employment Practices Liability Insurance
Apr 20 2012 // QBE is expanding its offering of employment practices liability insurance (EPLI) for small- and medium-sized businesses that want easy and affordable protection. Among QBE’s enhanced EPLI offerings is access to an...
QBE Forming Global Reinsurance Business – QBE Re
Mar 8 2012 // The QBE Insurance Group announced that it is combining its worldwide reinsurance operations under a single management team and unified brand, QBE Re. The new reinsurer will “comprise the current statutory businesses...
HSBC Sells General Insurance Business to AXA, QBE for $914 Million
Mar 7 2012 // HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest...
