Bank of America completes sale of Balboa Insurance

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QBE Buys Balboa Insurance Group From Bank Of America QBE Insurance Group Ltd., of Australia, continued its buying spree in the U.S. Thursday by acquiring most of the insurance portfolio of Balboa.

Meritplan Auto Insurance Review. Meritplan, and sister company Newport Insurance Company of Phoenix, Arizona, are wholly owned subsidiaries of Balboa Insurance Group. Balboa Insurance Group is owned by Bank of America’s BA Insurance Group, Inc. Bank of America announced the intention to sell the insurance companies to Australia-based QBE Insurance Group Limited in 2011.

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BofA Agrees To Sell Balboa Insurance Unit To QBE. Bank of America and QBE also entered into distribution agreements for insurance and real estate-owned programs and other consumer insurance products. The transaction is expected to be completed around mid-year. Shares in Bank of America slipped 2 cents to $14.41 in aftermarket trading.

Balboa Insurance Group is your not-so-ordinary insurance company for it provides personal and commercial life, property and liability insurance by utilizing its subsidiaries, including Balboa Life Insurance Company of New York, Meritplan Insurance Company, Balboa Life Insurance Company, Newport Insurance Company, and Newport E&S Insurance.

CoreLogic: 791,000 underwater homes return to positive equity From CoreLogic: CoreLogic reports 791,000 More Residential Properties Return to Positive Equity in Second quarter corelogic. today released new analysis showing approximately 791,000 more residential properties returned to a state of positive equity during the third quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 42.6 million.

QBE and Bank of America agreed to enter into long-term distribution agreements for lender-placed insurance and real estate owned programs and certain voluntary consumer insurance products.

Justin Niles. MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America corporation. banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investing in.

BUYING LIFE INSURANCE The deal is due to be complete by the end. on the Green Investment Bank, according to a letter issued Thursday by Bank of America Merrill Lynch International Ltd, which is advising the government.

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QBE says it has completed its acquisition of Balboa Insurance from Bank of America.