Reinsurance News

QBE

QBE is an international insurance and reinsurance company with a local presence in 26 countries, headquartered in Sydney, Australia. The reinsurance arm is named QBE Re.

Read our QBE insurance or reinsurance news and analysis below.

Pen Underwriting expands specialist cover in Ireland with QBE deal

20th November 2017

Pen Underwriting has reached an agreement with QBE in which the Australian reinsurance giant will provide capacity for hazardous goods and environmental industries within the property & casualty (P&C) segment in Ireland. The partnership will take effect from January 1st 2018, giving Pen's brokers and their clients in Ireland access to ... Read the full article

QBE closes RiskGenius investment, enters into multi-year product agreement

30th October 2017

QBE Ventures, a division of QBE Insurance Group Limited, has now closed its first investment in machine learning company, RiskGenius, as part of its technology investment programme. RiskGenius assists carriers, brokers and regulators when analysing policy and endorsement language and aid in product development, and QBE has also entered into a multi-year ... Read the full article

QBE expects $600m profit hit from 2017 catastrophes

3rd October 2017

Australian headquartered global insurance and reinsurance giant QBE Group said this morning that it expects a roughly US $600 million hit to its profits due to the impacts of 2017 catastrophe events. The company said that 2017 catastrophe loss experience for the global insurance and reinsurance industry could be the highest ... Read the full article

QBE rationalises reinsurance, saves $350m+, makes greater use of Equator Re

17th August 2017

Australian headquartered insurance and reinsurance group QBE has rationalised its reinsurance spend in 2017, saving over $350 million so far as it restructured its program and made greater use of its Equator Re captive reinsurer. QBE has recognised annualised reinsurance cost savings of over $350 million, thanks to premium rate reductions, ... Read the full article

QBE appoints Chris Kurinksy to CEO of Malaysia insurance

11th August 2017

QBE has appointed Chris Kurinsky, prior Head of Sales and Direct Marketing for Chubb, to Chief Executive Officer (CEO) of QBE Insurance, Malaysia, Berhad. Kurinsky will lead QBE's Malaysia expansion efforts, and work to build strategic partnerships and initiatives to grow the firm's specialty, commercial, SME, and personal lines. Mark Lingafelter, Managing ... Read the full article

QBE warns on emerging market claims, LatAm legacy losses

21st June 2017

Australian insurance group QBE has warned the market that it anticipated a loss in its Emerging Markets unit, due to the impact of "significantly higher than expected claims activity during the first five months of the year." QBE said that it now expects its Emerging Markets division will report a combined ... Read the full article

QBE signs deal to licence RMS Cyber Accumulation Management System

3rd January 2017

QBE Insurance Group has agreed a multi-year deal to licence the RMS Cyber Accumulation Management System, with catastrophe risk management firm RMS. The risk modeller explains that the agreement will allow the insurer's cyber business to model a variety of cyber catastrophe events. The growing threat of cyber attacks across the ... Read the full article