QBE Insurance Group
QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
Post blog: musings on management movement at QBE/Brit
Three years ago in conversation with a senior figure at QBE they commented enviously about Brit’s cricket sponsorship, and how it had helped raise the profile of its Lloyd’s rival in tandem with England’s own recent success.
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while also serving as cautionary tales against potential fallout from familial difficulties in modern times.
Post magazine - 12 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
AM Best downgrades Brit after QBE sale
Rating agency AM Best has downgraded the financial strength rating of Brit Insurance Limited to 'A- (Excellent)' from 'A (Excellent)' and the issuer credit rating to 'a-' from 'a' and placed the ratings under review with negative implications.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
Simply Business says no to MBO
Simply Business will not undergo a management buyout despite QBE taking over trading relations from Brit.
Broking bosses widely supportive of QBE swoop for Brit
New Oval chief executive Peter Blanc has expressed his “delight” after hearing the news that Brit’s UK regional business has been snapped up by QBE, rather than falling into the hands of a domestic rival.
Brit CEO insists it will retain stake in Simply Business despite UK arm sale
Brit has insisted it plans to keep its shareholding in online intermediary Simply Business despite selling its regional retail business.
Fitch issues warning over Brit Insurance
Fitch Ratings has placed Brit Insurance Limited's insurer financial strength rating of 'A' on rating watch negative after the sale of its UK regional business to QBE.
Brit UK acquisition to bolster QBE SME and property arms
QBE plans to use its acquisition of Brit’s UK operations to access the property and small to medium sized business markets.
Brit UK regional sold to QBE
Australian insurer QBE's European operations has bought Brit UK's regional operations with 130 staff transferring.
QBE hires Bocca for trade credit role
QBE Trade Credit has appointed Ian Bocca as manager of new business development UK with effect from 1 May.
Five shortlisted for Claims Awards Rising Star gong
Post can today exclusively reveal the shortlist for the Claims Awards Rising Star category.
QBE appoints Bocca as UK trade credit manager
Business specialist QBE has appointed Ian Bocca to join QBE Trade Credit as manager, new business development UK, effective from 1 May.
Claims Awards 2012 shortlist announced
Insurers RSA and Sterling lead the way in nominations for the 2012 Claims Awards with three each.
Hong Kong GI business grows 10%
Hong Kong's Office of the Commissioner of Insurance has revealed that total gross premiums of the Hong Kong general insurance industry in 2011 grew 10.7% to $34.7bn with net premiums up 8.5% to $23.8bn compared with 2010.
QBE finds firms expect two-year recovery
A pre-budget survey by commercial lines insurer QBE has found that 77% of UK businesses expect it to be two years or more before the UK sees a full economic recovery – with half (49%) not expecting a turnaround for three years or more.
Market moves: Insurers are the main movers
Insurers were, once again, the main movers and shakers this week, Ecclesiastical leading the way with the appointment of four new directors, while Allianz, QBE, XL and Arc Legal also welcomed new staff.
Axa/QBE deals likely to pave way for onslaught of investment in Far East
The multimillion-pound deals struck in South East Asia by Axa and QBE last week produced the first ripple of what is expected to grow into a tidal wave of investment enquiries in the fast-growing region.
Law report: Claimants win in breach of covenant claim
This law report has been contributed by national law firm Berrymans Lace Mawer.
Post magazine – 15 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
No rating impact on QBE after HSBC acquisitions
QBE Insurance Group's ratings will not be affected by the proposed acquisition of HSBC Holdings' general insurance businesses in Argentina and Hong Kong.