QBE FAQ's
Q&A section
Q: Who is QBE?
A: QBE is one of the leading insurance groups in the world, operating in 46 different countries and employing over 7,000 staff. In 2006 the gross written premium totalled £4.2 billion.
Q: How are QBE’s market ratings?
A: Impressive! Standard & Poor’s insurer financial strength and counterparty credit rating for QBE’s main insurance subsidiaries is A+ (Stable). Fitch Ratings insurer financial strength rating for QBE’s main underwriting subsidiaries is A+, and the agency has also affirmed a long-term credit rating at A. Their outlook for all ratings is Stable. A. M. Best assigned the financial strength rating of the QBE Group of companies A (Excellent).
Q: How does this affect MBP?
A: It make sense to join the QBE brand family and during the latter part of 2007 MBP will re-brand to QBE. There is a product review exercise underway to make sure that our products stay ahead of the competition when they are re-launched.
Q: Are other products available?
A: Yes. If you are an existing agent of MBP then you have access to a wide range of products. Please telephone 0845 609 0331 and speak to our broker service team who will be able to guide you through the process.
Q: As an agent will I be required to complete a new terms of business agreement (TOBA)?
A: Not initially, although during 2007 it is the intention to standardise the TOBA throughout the QBE group and a new one will be sent to all existing agents. Until such time it is possible to continue to trade under existing arrangements.
Q: Where can I found more about MBP & QBE?
A: Visit www.mbp.uk.com or www.QBEeurope.com/uk for everything you need to know about the group.