North Pointe Holdings Corp, a Southfield, Mich.-based specialtyinsurer that counts bowling centers and skating rinks among itsunderwriting niches, said late yesterday that a unit of QBEInsurance Group will pay $146 million to buy the company.

The firm said it had signed a definitive merger agreement to beacquired by QBE Holdings Inc. in New York, a subsidiary ofAustralia's QBE Insurance Group Ltd.

In 2007 the Sydney-based property-casualty insurer completed twomuch larger U.S. deals--for Winterthur U.S. and Praetorian.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.