A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited and Australia-based QBE Insurance (International) Limited, the key operating …
On the same day that it released its first half year earnings report for 2012, Australia’s QBE Group announced the departure of long-time Group CEO Frank O’Halloran, who has stepped down from the position as of today August 17, 2012. …
Selected earnings highlights in US dollars from Australia’s QBE Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $9.233 bn $8.942 bn Net premiums earned ————— $7.359 bn …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …
A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of UK-based Brit Insurance Limited (BIL), and has placed the ratings …
The QBE Insurance Group announced that it is combining its worldwide reinsurance operations under a single management team and unified brand, QBE Re. The new reinsurer will “comprise the current statutory businesses of Syndicate 566, QBE Re (Europe), Secura NV …
HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest non-core assets. The deal, the …
British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about $1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia’s QBE Insurance Group Ltd. expected to split …
A.M. Best Europe – Rating Services Limited has commented that the ratings of Australia’s QBE Insurance Group Limited and its main insurance subsidiaries are unchanged following the market update issued by QBE on January 12, 2012, in which it revised …
Australia’s QBE Insurance Group said on Thursday its 2011 net profit would fall by as much as 50 percent after record catastrophe claims and it would cut its final dividend, sending its shares down as much as a quarter to …
