Latest QBE Headlines
All the headlines from our QBE Topic Page, ordered by recency.
ING Posts Q1 Gains in all Sectors Gains; Will Sell Australian Business to QBE
May 13 2004 // Holland’s ING Group made a strong start for 2004, announcing a 32 percent rise in operating net profits to 1.191 billion euros ($1.41 billion) or 57 euro cents ($0.67) per share. Overall net profits increased to...
QBE the Americas Licenses FormsPlus
Feb 16 2004 // Allen Beggs, president and co founder of Valencia, Calif.-based QualCorp,Inc. announced that QBE the Americas (“QBE”) has licensed the FormsPlus Enterprise product. QBE will use the FormsPlus Enterprise...
A.M. Best Affirms Rating of QBE Re Group – U.S.
Nov 28 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE...
QBE Strengthens Capital with $250 Million Debt Issue
Apr 10 2002 // Australia’s QBE Insurance group has completed a 20-year convertible debt issue of U.S. $250 million, which the company said would be used to pay off some existing bank loans and to strengthen its balance sheet. QBE,...
Australia’s QBE Posts $13 Million Loss for 2001
Mar 13 2002 // QBE, the Australian insurer, which actually derives over 80 percent of its business from outside the country, ended its 20 year record of increasing profits with the announcement that of a $13 million loss for 2001. Right...
A.M. Best Affirms QBE Group Ratings
Jan 16 2002 // In three separate, but related, actions A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of QBE Reinsurance Europe, QBE International Insurance Ltd. and another subsidiary, Iron Trades Ins. Co. Ltd....
QBE, RenRe Make Public Share Offerings
Oct 16 2001 // Australia’s QBE and Bermuda’s RenaissanceRe have launched public offerings of their shares in an effort to raise additional capital. QBE, which controls around 8 percent of the Lloyd’s market, and is...
Trading in QBE Shares Suspended
Sep 20 2001 // The Australian Stock Exchange halted trading in the shares of insurer QBE Insurance Group Ltd. in response to the sharp drop in their value following the announcement of QBE’s exposure to large losses from the...
S&P Downgrades QBE’s Underwriting Units
Sep 19 2001 // The underwriting entities which make up Australia’s QBE Group became the first insurers to be downgraded by Standard & Poor’s following its assessment of the group’s exposure to the World Trade...
QBE Expects Large Losses from U.S. Disaster
Sep 18 2001 // Australia’s QBE has acknowledged that it stands to be hit hard by disaster losses in the U.S. after last Tuesday’s terrorist attacks. As yet it’s released no figures, but has said that the losses would be...
Australia’s QBE Posts Profit Gains for 1st Half
Aug 30 2001 // Helped by recent acquisitions, QBE Insurance, Australia’s second largest general insurer after NRMA, posted a strong 56 percent gain in interim net profits to A$122 million (U.S.$64.4 million) for the first half of...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 15 2001 // QBE Reinsurance Corporation announced that its parent, QBE Insurance Group Limited, had made an additional capital contribution of $50 million. The contribution increases the policyholders’ surplus of QBE Reinsurance...
QBE To Realign Lloyd’s Syndicates, Increase Capacity
Jun 27 2001 // Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates...
QBE Re Group Affirmed
Jun 25 2001 // QBE Re Group had its FSR of “A” affirmed by A.M. Best Co. The rating applies to QBE Reinsurance Corp. (formerly Sydney Reinsurance Corp.) and its reinsured subsidiary, QBE Insurance Corp. The rating highlights...
QBE Acquires HIH, Reliance Latin American Subsidiaries
Apr 18 2001 // Australia’s QBE Insurance expanded its Latin American presence with the purchase of Argentina’s HIH Aseguradora de Riesgos del Trabajo from HIH, and three other South American insurers from the U.S.’s...
Australian Insurer HIH Seeks Bankruptcy Protection as Losses Mount
Apr 9 2001 // HIH Insurance Ltd., following in the footsteps of ReAC and GIO, became the latest Australian insurance company to be forced to the wall by mounting losses. Rumored to be in deep trouble for the last six months, the...
QBE Nears 90 Percent of LIMIT Shares
Aug 15 2000 // Shareholders of Limit Plc have tendered a total of 89.6 percent of their shares to Australia’s QBE Insurance Group, the successful bidder for the Lloyd’s underwriter and syndicate manager with its 140 pence...
QBE Wins Battle For Limit Plc
Jun 29 2000 // The ongoing battle between Wellington Plc and Australia’s QBE Insurance Group for control of Lloyd’s insurer Limit Plc has been decided in favor of the Aussies, as Limit’s directors reversed their...
Wellington , QBE Raise Bids For Limit Plc
Jun 28 2000 // The ongoing battle to acquire Lloyd’s insurer Limit Plc continues to heat up as both contenders, Australia’s QBE and London insurer Wellington Underwriting Plc, upped their offers by as yet undisclosed...
LIMIT Plc Rejects New QBE Bid
Jun 9 2000 // Australian insurer QBE International Group Ltd.’s efforts to acquire the U.K.’s LIMIT Plc, a Lloyd’s underwriter, seem to be going nowhere. QBE made an unsolicited bid for LIMIT at the beginning of May,...
