MGA will be run by insurer's London-based syndicate

QBE has acquired US-based underwriting agency Burnett & Co for an undisclosed sum.

The deal was announced late last year, as were four other purchases, including the acquisition of ZC Sterling Corporation.

Burnett is a managing general agency, specialising in marine and energy liabilities. It has two offices, 20 staff and annual premium in excess of $70m (£49.6m).

Burnett will be managed from London by QBE Marine & Energy Syndicate 1036, under managing director Colin O’Farrell.

Burnett will continue to trade under its existing name.