2009-12-17

By Editor, CIR

QBE European Operations has purchased the Evergreen portfolio from MSP Underwriting Limited, the Lloyd's underwriting agency, which is owned by Munich Re.

Bernard Mageean, managing director, property, QBE European Operations said: "The Evergreen business model fits very well with our commitment to offer a comprehensive and quality property proposition to our brokers and clients. I am looking forward to working with the Evergreen team and learning from their specialist expertise, which will be invaluable in supporting the ongoing growth of QBE's property business as we move towards our goal of building a top five position in the UK market."

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