Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
Business Moves
Jul 19 2010 // First Mercury, Valiant First Mercury Financial Corp., based in Southfield, Mich., reported that its principal insurance subsidiary, First Mercury Insurance Co., is acquiring Valiant Insurance Group Inc., a subsidiary of...
QBE Europe Promotes Tonchev and Jenny
Jul 13 2010 // QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s...
Crop Insurer NAU Sold to QBE
Jul 2 2010 // Lightyear Capital LLC, a New York-based private equity firm, has completed the sale of crop insurer The NAU Group to QBE Holdings, Inc. NAU is now a wholly-owned subsidiary of QBE. As consideration for the merger, QBE made...
CNA Completes Sale of Its Argentinean Subsidiary to QBE
Jun 8 2010 // CNA Financial Corporation announced that it has completed the sale of its Argentinean subsidiary, CNA Aseguradora de Riesgos del Trabajo (CNA ART S.A.), to QBE the Americas, the Australia-based insurer and reinsurer. The...
Ratings Recap: Torus, QBE (debt)
May 4 2010 // A.M. Best Co. has commented that the ratings of Bermuda-based Torus Insurance Holdings Limited and its operating subsidiaries are unchanged following Torus’ announcement that its subsidiary, Torus Insurance (Bermuda)...
QBE Acquires NAU Country Insurance
Apr 16 2010 // QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports...
QBE Europe to Purchase Munich Re’s Evergreen Brand, Renewal Rights
Dec 18 2009 // QBE European Operations (QBE EO), the specialist business insurer, announced its purchase of the brand and renewal rights of the Evergreen portfolio from MSP Underwriting Limited, the Lloyd’s underwriting agency,...
Miami Condo Association Sues QBE Insurance Over Hurricane Claims
Nov 25 2009 // A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane...
Business Moves
Oct 5 2009 // Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also...
Best Affirms Ratings on QBE and Operating Companies
Oct 1 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited , Australia’s QBE Insurance...
Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades North Pointe
Oct 1 2009 // A.M. Best Co. has affirmed the various financial strength ratings (FSR) and issuer credit ratings (ICR) of the operating entities of QBE the Americas, which include the New York-based QBE Re Group, the Delaware-based QBE...
QBE Acquires CIGNA Student, Sports Accident Book
Sep 16 2009 // New York-based QBE has acquired the CIGNA special risk, student and sports accident insurance book of business. This portfolio provides medical expense coverage for students, athletes and participants in camps, clubs, day...
Ratings Recap: QBE (US), Triangle, Zurich (US) Subsidiaries
Jul 22 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a...
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
People
May 18 2009 // QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty...
Best Affirms QBE Re (U.S.) ‘A’ Ratings
Apr 29 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based QBE Re Group (U.S.) and its members. The rating actions apply to...
QBE Regional Insurance Adds Two to Leadership Team in Wisconsin
Apr 28 2009 // QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty...
Burnett Holdings Joins QBE
Feb 6 2009 // New Orleans-headquartered insurance wholesaler Burnett Holdings Inc. (Burnett) announced it has been acquired by QBE Holdings Inc. (QBE), part of Sydney, Australia-based QBE Insurance Group. The acquisition is effective...
Ratings Recap: Eureko, Steamship, QBE (Notes), SOLID
Dec 2 2008 // Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term...
S&P Says QBE, PMI Australia Ratings, Outlooks Unchanged
Oct 24 2008 // Standard & Poor’s Ratings Services said that its ‘A-‘ rating on Australia’s QBE Insurance Group Ltd. and its ‘A+’ ratings on QBE’s core operating entities remain unchanged...
