QBE

Fitch upgrades QBE outlook following North American mid-market portfolio exit

Fitch Ratings has revised the outlook on all the ratings of Australia-based QBE Insurance Group and its subsidiaries to positive from stable.

RiverStone closes $1.2bn LPT with QBE

RiverStone International has closed its $1.2bn loss portfolio transfer for various QBE subsidiaries after receiving all requisite approvals.

QBE hires Westhoff from Beazley to lead NA commercial and launch E&S property unit

QBE North America has hired Beazley’s North America commercial property head Matt Westhoff as its new president for commercial lines in the region, as well as for its launch into writing E&S property on the platform, The Insurer can reveal.

Asic sues QBE over alleged misleading insurance pricing

The Australian Securities and Investment Commission has commenced court proceedings against QBE Insurance which allege that the insurer misled customers regarding the value of discounts offered on certain general insurance products.

QBE/Zywave survey: 60% of respondents hit by cyber event but only 36% filed claim

Cyber incidents continue to pose a significant threat, with a report from QBE North America in collaboration with Zywave revealing that over 60 percent of respondents have experienced a cyber event, while more than 80 percent have invested in some form of cyber risk insurance.

US social inflation: coming to a European country near you?

Social inflation is on the rise in the US, but it is less currently less problematic in the UK and the rest of Europe. Alex Smith of QBE Re explains how that could be about to change and how insurers can protect themselves from this emerging risk.

QBE to enter US inland marine led by AIG’s Primerano

QBE International Markets has signalled its intent to launch a new US inland marine offering by January 2025, alongside the appointment of Sharon Primerano as vice president.

Charting a profitable course through US property cat

QBE Re is in growth mode in US property cat, with a nuanced approach that’s designed to ensure the portfolio remains profitable and resilient through all market cycles, Andy Richardson explains.

Destructive cyber attack incidents double between 2020 and 2024: QBE

Annual disruptive and destructive global cyber attacks are set to increase by 105 percent between 2020 and 2024, according to QBE.

QBE names Díaz-Guardamino as Iberia MD

QBE has appointed Mario Díaz-Guardamino as the next managing director for QBE Iberia.

How QBE Re balanced its portfolio and what’s next

QBE Re is close to achieving its optimal portfolio mix, says managing director Chris Killourhy. Here, he tells us what this recalibration means for the company and the importance of partnerships to the business.

Why Europe still needs to get a grip on secondary perils

The cost of European secondary perils is still not fully reflected in reinsurance pricing, says Chris Killourhy, managing director of QBE Reinsurance. Here, he takes a look at what this means for the market and what QBE Re is doing to respond to the situation.

QBE Re names Canopius’ Brigstocke to lead A&H in London

QBE Re has bolstered its accident and health team in London with the appointment of Henry Brigstocke as head of A&H.

Substantial P&I claim likely after waterspout sinks British Marine-registered Bayesian

A substantial P&I claim is expected after the tragic sinking of the British Marine-registered Bayesian, with Britain’s first tech billionaire Mike Lynch among those declared missing.

QBE names Lascelles underwriting director for marine

QBE has appointed Simon Lascelles as director of underwriting for marine, a role which includes underwriting oversight for its British Marine subsidiary.

QBE secures largely NA-focused $1.6bn LPT with Enstar and RiverStone

QBE has agreed a circa-$1.6bn loss portfolio transfer reserve transaction with RiverStone International and Enstar, largely focused on its North America operations.

QBE H1 adj net profit soars to $777mn as CR improves 5 points to 93.8%

QBE’s adjusted net profit after tax soared to $777mn in H1 2024, while its combined ratio shed 5.0 points to 93.8 percent as the business benefited from lower catastrophe costs, more stable prior-year reserve development and rate rises.

QBE names distribution head Desch as Germany general manager

QBE has named Fabian Desch as the next general manager for Germany, pending regulatory approval.

QBE launches global cyber coverage policy

QBE Insurance has launched QCyberProtect, a globally consistent cyber policy designed to enhance cyber resilience for a broad range of clients worldwide.