Welcome to our dedicated page for QBE Insurance Group news (Ticker: QBIEY), a resource for investors and traders seeking the latest updates and insights on QBE Insurance Group stock.
QBE Insurance Group (QBIEY) is a leading global insurer providing risk management solutions across 27 countries. This news hub delivers timely updates on corporate developments, financial performance, and industry leadership in commercial, cyber, and construction insurance markets.
Access official press releases, earnings reports, and strategic partnership announcements in one centralized location. Track updates across key operational areas including cyber risk mitigation, disaster preparedness programs, and insurtech collaborations that shape QBE's market position.
Our curated news collection covers essential developments such as regulatory changes, product innovations, and regional market expansions. Stay informed about QBE initiatives through verified updates on underwriting practices, claims management advancements, and sustainability-focused insurance solutions.
Bookmark this page for continuous access to QBE's latest corporate communications. Check regularly for updates impacting global insurance markets and risk management best practices across key industries.
QBE North America has announced a new program partnership with Catalytic Risk Managers & Insurance Agency, a division of DUAL North America. The Builders Risk program will offer construction All Risk coverage for builders risk projects on a non-admitted basis. This partnership aims to provide customers with tailored builders risk solutions. James Haggerty, Head of Commercial Programs at QBE North America, expressed excitement about the collaboration, emphasizing the unique coverage needs it will address. Jon Knouse, Chief Property Officer of DUAL North America, highlighted the enhanced expertise and opportunities this partnership brings to the construction market. Catalytic Claims Services will handle claims for the program. The collaboration aims to expand QBE's builders risk portfolio and reaffirm their commitment to comprehensive solutions.
QBE North America has released its 2024 Commercial Construction Risk Report, identifying key challenges in the industry, including cybersecurity threats, financial issues, and labor shortages. The report is based on a survey of 500 commercial general contractors and construction managers. Key findings indicate 42% of respondents see cybersecurity as the top risk, followed by cost overruns (35%) and high interest rates (33%). Additionally, 40% highlighted owner contract disputes as primary cost overrun factors. The industry is adopting new technology to improve safety and efficiency, yet cyber threats are increasing. The labor shortage is significantly impacting trades like electrical and HVAC. Nearly half of the respondents plan to enhance their safety plans over the next year, emphasizing the need for better and more frequent risk management training.
In a press release, QBE North America highlights the five key benefits of captives in healthcare strategies. Captives are specialized insurance subsidiaries that help companies manage risks effectively and economically. QBE North America emphasizes that captives allow employers to reduce costs, enhance risk management, customize coverage, utilize finances efficiently, and leverage negotiations with carriers and service providers. The company specializes in underwriting single-parent and group captives for various sectors.
QBE North America has launched a specialized Healthcare Liability practice aimed at meeting the unique needs of healthcare organizations. The practice includes a dedicated team and core products to help customers manage risks and foster resilience. The flagship product, Miscellaneous Medical Liability, offers a wide range of coverages to provide tailored solutions to clients.
