QBE has announced the acquisition of National Farmers Union Property and Casualty Company and its wholly owned subsidiary United Security Insurance Company for $140m.
The deal is said to increase QBE's annual gross written premium from the Americas to around $1.4bn.
Frank O'Halloran, QBE's chief executive, said: "This acquisition provides QBE with an opportunity to expand its US regional business in states and classes of business that are complementary to its existing sizeable operations."
The agreement is subject to regulatory approvals.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
