QBE Insurance Group said it plans to close its North America middle-market business following its weak performance over several years.
Tag: QBE
Rate Hikes Support First-Quarter Premium Growth for QBE Insurance
Rate increases boosted modest premium growth in the first quarter for QBE Insurance Group Ltd., as the international underwriter noted catastrophe losses in line with its allowance.
QBE North America Launches Specialty Casualty Business
QBE North America today announced the launch of a Specialty Casualty business as part of its strategy to invest in areas where the insurer can offer distinct advantages to business customers. “With QBE Specialty Casualty, we see a clear opportunity to build a long-term franchise that is grounded in expert underwriting with a data-driven approach… Continue reading QBE North America Launches Specialty Casualty Business
Arrowhead’s Carrier ‘Lift-Out’ Model Fuels Agency Growth
For 30 years, Arrowhead General Insurance Agency Inc. has grown by being flexible, pivoting quickly to take advantage of a market opportunity. Recently, it has pioneered a business solution it calls a management “lift-out.” Arrowhead’s latest innovation example is a lift-out of QBE’s small commercial insurance program. QBE transferred the administrative work to Arrowhead, which… Continue reading Arrowhead’s Carrier ‘Lift-Out’ Model Fuels Agency Growth
Arrowhead General Insurance Deploys Small-to-Medium Commercial Portfolio on Instec Policy System
Arrowhead General Insurance Agency, Inc. has selected Instec, a supplier of insurance program software, to provide a policy system for its Core Commercial business. Arrowhead is a national program manager for commercial, specialty and personal lines. In 2017, QBE North America selected Arrowhead as program administrator for its small commercial portfolio. The book contains business… Continue reading Arrowhead General Insurance Deploys Small-to-Medium Commercial Portfolio on Instec Policy System
QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns
Global insurance giant QBE has warned climate change poses a material threat to its business and the entire economy as its chief executive Pat Regan said premiums were at risk of becoming too high in areas exposed to repeated, extreme weather. The comments came after the insurer posted a statutory profit of $550 million, up… Continue reading QBE Says Parts of Planet Becoming Uninsurable Due to Climate Concerns
National General Acquires QBE North America’s National Farmers Union
National General Holdings Corp. has completed its previously announced acquisition of National Farmers Union Property and Casualty Company (National Farmers Union Insurance) from QBE North America. The purchase price for this deal was $52.8 million subject to customary post-closing adjustments. The firm explains that the change in the closing purchase price from its preliminary estimate… Continue reading National General Acquires QBE North America’s National Farmers Union
QBE North America Enhances Claims Service with Text Communications Driven by AI
QBE North America, an Integrated Specialist Insurer, today announced the availability of artificial intelligence-based services called TextQBE to help enhance conversations with customers during the claim process. The move is part of the company’s commitment to providing customers with an unparalleled experience of excellence. Through the new innovation, some customers reporting claims will receive immediate… Continue reading QBE North America Enhances Claims Service with Text Communications Driven by AI
QBE Sells Farmers Union Business to National General
Specialist insurer QBE North America is selling its Farmers Union Insurance business to National General Holdings as part of its strategy to reinforce focus on its core offerings and improve future earnings profile. Farmers Union Insurance consists of the personal insurance and farm owner business, as well as the Telecommunications Insurance Programme (TIP). The deal… Continue reading QBE Sells Farmers Union Business to National General