QBE North America Enters Agreement with Safeco for Personal Insurance Business
QBE Insurance selects Safeco Insurance for seamless transition of its personal insurance business in 47 states
NEW YORK — QBE North America, an integrated specialist insurer, has entered into an agreement with Safeco Insurance, a Liberty Mutual Company, with respect to QBE’s personal insurance independent agency policies in 47 states. The agreement is effective August 15, 2018.
The personal insurance independent agency book of business, which is sold through more than 900 independent agents and brokers nationwide, consists of two primary lines of business: personal auto and personal property insurance. The agreement further strengthens Safeco’s position in the personal insurance market and provides an opportunity to expand its distribution network. At the same time, it enables QBE North America to focus on the businesses where it excels and can offer distinctive value to the market, including its specialty, core commercial, program, crop, Westwood and reinsurance businesses.
“As we sought to focus our strategy as an integrated specialist insurer, we thoughtfully chose Safeco for its ability to consistently deliver an experience of excellence to our agents and customers,” said Russ Johnston, CEO of QBE North America. “By intensifying our focus, we can leverage our applied expertise to innovate and deliver exceptional end-to-end solutions that not only meet but exceed customer expectations.”