Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
S&P Raises British Marine Luxembourg Ratings to ‘A’
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to...
OneBeacon Closes Sale of National Farmers Union to QBE
Oct 4 2005 // OneBeacon Insurance Group in Boston has completed the sale of National Farmers Union Property and Casualty Company subsidiary to QBE Insurance Group as planned for approximately $142 million. The transaction included...
QBE Buying British Marine
Sep 27 2005 // Australia’s QBE Insurance Group today announced that it has signed an agreement to acquire the U.K.-based specialist marine insurer, British Marine Holdings Limited. The deal is expected to close before December 31,...
QBE Reports Record $375 Million 1st Half Profit
Aug 17 2005 // Australia’s QBE Insurance Group announced a record profit after tax of A$491 million (US$375 million) for the half year to 30 June 2005, an increase of 43 percent on the profit after tax of A$343 million (US$262...
OneBeacon Sells National Farmers Union to QBE
Jul 27 2005 // OneBeacon Insurance Group in Boston has agreed to sell its National Farmers Union Property and Casualty Company (NFU) subsidiary to QBE Insurance Group for approximately $142 million, subject to adjustment based on closing...
Best Upgrades QBE Int’l. Ratings
Jun 10 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating of the U.K.-based QBE International Insurance Limited (QIIL) to “A” (Excellent) from “A-” (Excellent) and the issuer credit...
Best Upgrades QBE (UK) Ratings
Jun 10 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating of QBE Insurance Company (UK) Limited (QBE UK) to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to...
QBE Adds Greenhill Underwriting Group
Mar 1 2005 // QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market. Greenhill is a UK-based underwriting...
QBE 2004 Operating Profit up 43% to $645 Million
Feb 25 2005 // Australia’s QBE Insurance Group announced a record operating profit after tax of A$820 million (U.S. $645 million) for the year ended Dec. 31, 2004, up 43 percent on the profit of A$572 million (U.S.$450 million)...
S&P Sees No Effect on Australian Insurers’ Ratings from Tsunami Losses
Dec 29 2004 // Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean...
Best Assigns ‘bbb+’ Rating to QBE Notes
Sep 23 2004 // A.M. Best Co. announced that it has assigned a rating of “bbb+” to the proposed £175 million ($315 million) senior notes due 2009 to be issued by Australia’s QBE Insurance Group Limited, the...
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
S&P Assigns ‘A-‘ Rating to QBE Debt Securities
Sep 22 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” senior debt rating to Australian insurer QBE’s Funding Trust III’s US$375 million 20-year zero coupon senior...
Best Announces Rating Actions on QBE Group
Sep 21 2004 // A.M. Best Co. announced that it has assigned an issuer credit rating (ICR) of “bbb+” to Australia’s QBE Insurance Group Limited, the non-operating holding company of the QBE group of companies. Best also...
Fitch Downgrades QBE Group to Long-term ‘A’
Sep 13 2004 // Fitch Ratings announced from London that it has downgraded Australia’s QBE Insurance Group Limited’s Long-term rating to ‘A’ from ‘A+’. Fitch also it expects to assign an “A”...
Zurich Singapore Sale to QBE Completed
Jul 1 2004 // Zurich Financial Services Group (Zurich) announced the completion of the sale of 100 percent of the share capital of Zurich Insurance (Singapore) Pte. Ltd. (Zurich Singapore) to QBE Insurance (International) Limited...
S&P Lowers Mercantile Mutual Rating
Jul 1 2004 // Standard & Poor’s Ratings Services announced that it has lowered its insurer financial strength and counterparty ratings on Australian insurer Mercantile Mutual Insurance Ltd. (MMIA) “A+” from...
S&P Affirms Two QBE Operating Units ‘A+’ Ratings
May 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance...
Zurich to Sell Singapore Operations to Australia’s QBE
May 24 2004 // Zurich Financial Services Group announced that it has signed an agreement with Australia’s QBE Insurance (International) Limited for QBE to acquire 100 percent of the share capital of Zurich Insurance (Singapore)...
S&P Places Mercantile Mutual on CreditWatch-Negative
May 14 2004 // Standard & Poor’s Ratings Services announced that it has placed its “AA-” counterparty credit and insurer financial strength ratings on Mercantile Mutual Insurance (Australia) Ltd. “on...
