Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades North Pointe

October 1, 2009

  • October 1, 2009 at 7:13 am
    WI Agent says:
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    This is great news to hear that the rating or view of North Pointe is strengthened. As a part of QBE, and with the support of product development, North Pointe should clean up in the Midwest vs. their inferior competitors Badger Mutual, Society, and IL Casualty. Society and IL Casualty are lower rated in particular, and I believe that at least one of them is rated with negative implications? Easy sell against them in tough economic times, and when financial security and ability to pay claims should be foremost in the mind of insureds. (and agents!)

  • October 1, 2009 at 9:26 am
    QBE watcher says:
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    This is going to be a major player in the U.S. over coming years. Did you also see that they just raised $1 billion in UK, and there should be a sizable acquisition in Europe or U.S. soon. It could be a $1 billion commercial lines acquisition in U.S., announced in the 4th quarter like their splash when they bought Praetorian, Unigard, and General Casualty. QBE knows only three things: how to acquire, how to grow, and how to make money.



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