Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
Wis. General Casualty, Unigard Acquired by Australia-based QBE
Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...
Business Moves
Dec 24 2006 // Oregon Insurance Division, American Standard The Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a...
Best Takes Various Rating Actions on QBE, Hannover Re and Praetorian
Dec 15 2006 // A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American...
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
Business Moves
Oct 23 2006 // Narragansett Bay, Hanover Narragansett Bay Insurance Co., a member of Pawtucket Insurance Group, has agreed to take over the Rhode Island homeowners insurance business of Hanover Insurance Co. The transaction involves...
Business Moves
Oct 23 2006 // OneBeacon,QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...
OneBeacon Completes Transfer of Agricultural Unit to QBE
Oct 3 2006 // On Sept. 29, OneBeacon Insurance Group completed its previously announced renewal rights and asset sale agreement that transfers its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance...
Business Moves
Sep 4 2006 // Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...
OneBeacon Selling Agri Renewal Rights to QBE-U.S.
Aug 17 2006 // Boston-based OneBeacon Insurance Group has signed a binding agreement to transfer its Agri book renewal rights and certain OneBeacon Agri assets to QBE the Americas, a wholly owned division of Australia’s QBE...
Best Affirms QBE Re-U.S. ‘A’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The...
QBE 1H Operating Profit up 20% to $452 Million
Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...
S&P Lowers QBE Hongkong Rating
May 15 2006 // As previously indicated (See IJ Website May 11), Standard & Poor’s Ratings Services has lowered its insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai Insurance...
S&P Puts QBE Hongkong on CreditWatch after Guarantee Withdrawn
May 11 2006 // Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai...
QBE Reports 2005 Profits Up 27% to $806 Million
Feb 23 2006 // The directors of Australia’s QBE Insurance Group Limited announced that net profit after tax for the 2005 financial year increased by 27 percent to A$1.091 billion (US$806 million). Profit before tax was up 37...
S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation
Feb 13 2006 // Standard & Poor’s Ratings Services announced that it has affirmed its long-term “A+” counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer QBE Insurance Co. (U.K.)...
Best Affirms QBE’s Key Operating Subsidiaries ‘A’ Ratings
Jan 12 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of the following subsidiaries of Australian insurer QBE: QBE...
Vietnam’s BIDV Bank to Acquire QBE’s Insurance Co. Stake
Jan 9 2006 // The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company. As reported by Asia Pulse on...
QBE (Europe) Ratings “Unaffected” by Branding Change Says S&P
Nov 10 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on the recently rebranded QBE Insurance (Europe) Ltd., rated “A+” with a stable outlook, (formerly QBE International...
