Up to 20 promising athletes will join the
QBE Swifts Academy in its inaugural season, which will commence later this year.
* held ACM liable for the entire $15 million settlement although, at most, ACM is assertedly only liable to indemnify
QBE for the $1,250,000 that
QBE paid to Cortes under the settlement agreement, and not the $13,750,00 settlement with the Cardonas
Blue Ocean's rating is aligned with the 'A+' (Strong) IFS Ratings of
QBE's operating subsidiaries, which reflect the group's 'Very Strong' business profile, 'Strong' capitalisation and leverage and 'Strong' financial performance and earnings.
The agreement 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, programs, crop, Westwood and reinsurance businesses.
"Our sponsorship is a clear signal to our producers about the commitment we have to the North American marketplace," said Russ Johnson, chief executive officer at
QBE North America.
FMG will be working with
QBE, its brokers and customers to improve incident reporting times and optimise the entire claims management lifecycle.
QBE says no growth or slow growth are becoming accepted as the 'new normal,' with 48 per cent of businesses expecting no change in turnover in the next six months (up from 28 per cent in 2012) and 35 per cent expecting turnover to increase during 2013.