QBE North America has announced the launch of a new Commercial Property insurance product designed for large organizations across the United States. The product provides comprehensive all-risks coverage on a shared and layered basis, including primary, quota-share, buffer, and excess positions.
According to QBE, the new offering combines underwriting expertise with advanced service capabilities to meet the complex insurance needs of large corporations. Ashley Irwin, head of Commercial Property at QBE North America, stated, “QBE recognizes the complex risk landscape facing large corporations today. That’s why we’re focused on offering insurance solutions tailored to their specific needs while building lasting relationships that support mutual, long-term growth and stability.”
The Commercial Property product is available to various industries, including education, financial institutions, healthcare, hospitality, gaming, industrial operations, light manufacturing, mixed real estate, municipalities, offices, retail, technology, and wholesale.
This launch follows other recent product introductions by QBE North America. In March, they introduced a media liability endorsement providing coverage for media organizations facing legal action under consumer protection laws. The endorsement offers affirmative coverage when consumer protection statutes challenge First Amendment protections, making it available to media companies seeking additional coverage against claims related to alleged false, deceptive, or unfair business practices.
Additionally, QBE North America, in collaboration with Stateside Underwriting Agency, has introduced a new Errors and Omissions (E&O) program targeting property managers involved in construction and property development. The program offers primary policy limits of $5 million per claim and $5 million in aggregate on an admitted basis, catering to property management professionals and related service providers, including residential real estate agents, property development managers, construction managers, and leasing service providers.
