QBE North America Sells Personal Lines Book to Safeco
Specialist insurer QBE North America has entered into an agreement to transfer its personal lines book of business – sold through independent agents – to Safeco, 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. 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.” – CEO of QBE North America, Russ Johnston.
“Safeco prides itself on providing innovative and industry-leading solutions to our agency partners. Our book transfer capabilities ensure a great experience for carriers, agents and customers alike. Throughout this process, QBE’s dedication to their customers and independent agent partners has made this partnership particularly exciting to all of us as we work to provide a smooth transition.” – Senior Vice President of Distribution Strategy and Operations Support at Safeco Insurance, Gary Fischer.