Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
QBE Agreement Provides Additional Capacity to Shariah Compliant Cobalt
Mar 28 2014 // Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the world’s first Shariah-compliant MGA, Cobalt Underwriting. “The agreement...
QBE Jumps on Premiums, North American Unit Outlook: Sydney Mover
Feb 25 2014 // QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, climbed to its highest level in more than two months on plans to increase premium rates and bring its North American unit back to profit...
Ratings Recap: Balboa, MEMIC, ALAS, Modern Woodmen, Seven Seas
Feb 25 2014 // A.M. Best announced that it has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance...
MarketScout Acquires Specialty Bowling Program from QBE North Pointe
Feb 13 2014 // MarketScout said it has acquired a specialty underwriting facility, Bowling Center, which provides coverage for bowling centers on an admitted basis in all 50 states, except Alaska. The business was acquired from QBE North...
James Named President of P&C for QBE North America
Jan 27 2014 // Robert James has been appointed president of Property and Casualty for QBE North America, which includes the program, middle markets and major broker groups. James will be a member of the executive management board and...
Aviva CFO Regan Resigns after Four Years to Join QBE
Jan 23 2014 // Aviva plc, the U.K.’s second-biggest insurer by market value, said Chief Financial Officer Pat Regan resigned to take up a similar job at Australia’s QBE Insurance Group Ltd. Regan, who joined Aviva as CFO in...
Aon Benfield Securities Places $250 Million Cat Bond for QBE’s VenTerra Re
Jan 7 2014 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has successfully underwritten and placed a $250 million catastrophe bond...
Best Downgrades Issuer Credit Ratings of QBE’s U.S. Subsidiaries; Affirms FSR
Dec 13 2013 // A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the pooled and reinsured members of...
QBE Bond Risk Surges as U.S. Expansion Sours: Australia Credit Risk
Dec 13 2013 // Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month as the company said it would lose money. Credit-default swaps on QBE have climbed 41 basis points since Nov. 30 to...
Best Downgrades QBE and Subs’ Issuer Credit Ratings; Affirms FSR
Dec 12 2013 // A.M. Best Europe – Rating Services Limited has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) of...
QBE Shares Drop Most in 12 Years on Unexpected U.S. Loss Forecast
Dec 9 2013 // QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, plunged the most in 12 years after forecasting an unexpected loss due to write-downs at its North American operations. The company...
Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee
Oct 21 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The...
QBE North America to Launch D&O Line, Names Grange As Leader
Aug 23 2013 // Jeffrey S. Grange has been appointed head of Management Liability and Professional Lines for QBE North America, which plans to launch a directors and officers (D&O) liability division. Grange has 25 years experience in...
QBE Net Income Falls 37% on Claims, Lower U.S. Premiums
Aug 20 2013 // QBE Insurance Group Ltd., Australia’s largest insurer by market value, posted a 37 percent fall in first-half net income as premiums fell in North America and it set aside more for unresolved claims. Net income...
QBE Sets Aside ‘Immediate Needs’ Payouts for Spain Train Crash Victims
Aug 2 2013 // Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of those affected by last week’s train crash in Galicia in northwest Spain, which left 79...
Allianz, QBE Have Largest Exposures to Spain Train Crash
Jul 29 2013 // Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain, according to sources at the companies. While Allianz’s Spanish...
New Residential Earthquake Claim Program Introduced by American Claims Management and QBE
Jun 18 2013 // San Diego, CA, 06/18/13 – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that it has been appointed as the TPA for a new residential earthquake claim program for...
New York Reaches Settlement With QBE, Assurant
May 6 2013 // New York officials announced on April 18 that a New York State Department of Financial Services (DFS) investigation produced a settlement with a major “force-placed” insurer QBE. The settlement with QBE, the...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
Insurance Firm QBE Laying off 113 in Lincoln, Nebraska
Mar 20 2013 // An insurance company is closing a call center in Lincoln, Neb., and laying off more than 100 people. The Lincoln Journal Star reports QBE North America will close the call center on May 10 and eliminate 113 jobs. The...
