QBE strikes $700m Bank of America insurance agreement, acquires BOA arm
QBE has entered into an initial ten year distribution agreement with Bank of America for lender placed and voluntary homeowners, contents, motor and other related consumer lines and associated services.
Lenders' mortgage insurance is not included.
As part of the agreements, QBE will assume the outstanding claims and unearned premium liabilities of Bank of America's wholly owned subsidiary, Balboa
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