Monday, March 07, 2011
QBE today disclosed that it has
completed its previously announced acquisition of the U.S. admitted
insurance businesses of Renaissance Re, which include a U.S. crop
and small specialist program insurance business. The acquisition
supports QBE's commitment to growing the business through product
diversification and new distribution channels, and strengthens its
position as a leading insurer in the United States.
QBE Insurance Group Limited is one of
the top 25 insurers and reinsurers worldwide. Headquartered in
Sydney, Australia, QBE operates out of 49 countries around the
globe, with a presence in every key insurance market. The Americas
Division, headquartered in New York, conducts business through
various property and casualty insurance subsidiaries in 10
countries. QBE Insurance companies are rated "A" (Excellent)
by A.M. Best and "A+" by Standard and Poor's. For more information,
visit qbe.com.
