QBE Insurance Group

• Growing Accord: Modelers’ Sandy Estimates Could be Misjudging Insured Losses

  By Chad Hemenway, PropertyCasualty360.com  |  November 13, 2012

  Australia’s QBE Insurance Group has joined a number of carriers who believe Superstorm Sandy could cause more insured losses than catastrophe modelers have predicted.

• Insurers to Absorb Crop Losses Without Capital Hit, Says Fitch

  By Chad Hemenway, PropertyCasualty360.com  |  July 23, 2012

  Fitch Ratings says net losses to private crop insurers will likely be an earnings event rather than a capital event.

• Snow, Wind and Fire Poach Profits from NU’s Top 100 P&C Performers

  By Chad Hemenway, PropertyCasualty360.com  |  July 23, 2012

  Catastrophe losses were primarily to blame for NU’s Top 100 insurance groups posting a 110 combined ratio, despite an overall increase in net premiums written.

• QBE Creates Unified Brand for Reinsurance Operations

  By Chad Hemenway, PropertyCasualty360.com  |  March 8, 2012

  QBE Insurance Group says it has created a new business model to join all of its reinsurance operations under one unified brand.

• CEO of QBE Set for Retirement; Company's Yearly Net Income Down 45%

  By Chad Hemenway, PropertyCasualty360.com  |  February 28, 2012

  QBE Insurance Group has announced the retirement of its chief executive officer as it reveals yearly net profit was down 45 percent.

• QBE: 2011 Profit Could Be Down 50% on Record Cat Claims

  By Chad Hemenway, PropertyCasualty360.com  |  January 13, 2012

  Australia’s QBE Insurance Group says a record level of catastrophe claims in 2011 prompted the company to warn investors that its profit will be down up to 50 percent.

• QBE First-Half Profit Up, Margins Down

  By Chad Hemenway, PropertyCasualty360.com  |  August 19, 2011

  QBE Insurance Group says first-half profit increased 53 percent to $673 million, but the insurer's profit margin fell to 11.2 percent from 15.8 percent as catastrophe losses totaled nearly $1.1 billion.

• NZ Rocked By Second Quake In 6 Months; Loss Estimates $3.5B-$12B

  By Chad Hemenway, PropertyCasualty360.com  |  March 7, 2011

  Losses from a magnitude 6.3 earthquake that struck Christchurch, New Zealand Feb. 21 (Feb. 22 local time) could total as much as $12 billion, according to one estimate cited in a note to clients from a JP Morgan Chase & Co. analyst.

• Moody’s: No Negative Rating Action Due To New Zealand Quake

  By Chad Hemenway, PropertyCasualty360.com  |  February 24, 2011

  Moody’s Investor Services said it will take no immediate action on New Zealand and Australia issuers as a result of the Christchurch earthquake on Feb. 21 but that losses could hinge on whether this quake is considered a new event.

• Work To Replace Chinese Drywall Set To Begin In Louisiana

  By Chad Hemenway, PropertyCasualty360.com  |  February 22, 2011

  More than 100 homeowners in Louisiana affected by Chinese drywall manufactured by Knauf Plasterboard Tianjin will soon see some relief as part of a court-approved remediation program.

• Drywall Manufacturer Agrees To Remediate Up To 300 Homes

  By Chad Hemenway, PropertyCasualty360.com  |  October 25, 2010

  Homeowners in four states are eligible to get relief from a contaminated drywall dilemma that has allegedly caused them to get sick and caused damage to the homes' infrastructures.

• Drywall Manufacturer Agrees To Remediate Up To 300 Homes

  By Chad Hemenway, PropertyCasualty360.com  |  October 18, 2010

  Homeowners in four states are eligible to get relief from a contaminated drywall dilemma that has allegedly caused them to get sick and caused damage to the homes' infrastructures.

• Foreign Firms Post Biggest U.S. Gains In Shrinking E&S Insurance Market

  By Susanne Sclafane, PropertyCasualty360.com  |  May 24, 2010

  Non-U.S. organizations vaulted up a premium ranking of writers of excess and surplus lines insurance in the United States in 2009, although industrywide U.S. E&S premiums shrank for the third straight year.

• QBE's CEO O'Halloran Named To Insurance Hall Of Fame

  By Daniel Hays  |  January 14, 2010

  The International Insurance Society announced that Frank O'Halloran, chief executive officer of Sidney-based QBE Insurance Group, is the 2010 Insurance Hall of Fame winner.

• Deep South Insurance's Disiere Steps Down

  By Staff Writer  |  January 5, 2010

  David Disiere, the chief executive officer of Dallas-based managing general agency Deep South Insurance Group, announced plans to leave the company, the firm said last week.