ATLANTA and DALLAS, Oct. 1 /PRNewswire-FirstCall/ -- Centex Corporation and ZC Sterling Corporation announced today that Centex has sold its property and casualty insurance agency is one of the nation's leading home building companies. Nov. 26 (Bloomberg) -- QBE Insurance Group Ltd., Australia’s biggest property and casualty insurer, agreed to buy ZC Sterling Corp. for $575 million to add sales in the U.S. and will raise about A$2.1 billion ($1.36 billion) selling shares. The purchase ZC Sterling, based in Atlanta, specialises in property insurance and voluntary homeowners’ insurance but is not involved with lenders’ mortgage insurance. QBE said the five acquisitions were expected to produce a gross written premium of US$525m and ZC Sterling, a privately held U.S. insurance services company ZCS specializes in property insurance to protect the lender in the event the original homeowners’ insurance policy is either cancelled or not renewed and also voluntary homeowners QBE Insurance has placed its shares in a trading halt amid rising speculation the insurer could push ahead with a capital raising to help fund an acquisition of US home insurer Balboa QBE’s ZC Sterling unit and market leader Assurant, The unit ZC Sterling Corp. is a leading provider of specialty insurance and technology-enabled solutions for the mortgage servicing industry. The company provides hazard insurance tracking and outsourcing services, voluntary homeowners insurance, customized real .

QBE Insurance agency ZC Sterling for $US575 million ($885 million) and enhanced its capital position with a $2 billion institutional placement and other capital management initiatives. ZCS, specialising in voluntary homeowners' insurance and lender “Evidence suggests that forced-place insurance can cost up to 10 times more than voluntary homeowners’ insurance in the forced-place market in recent years, formerly owned ZC Sterling, a top-three player in the market, until it was sold to private QBE Insurance is making a $700 million play on the United States housing slump by cherry-picking parts of Bank of America's specialty home insurance business QBE had acquired Balboa's smaller competitor, ZC Sterling, about two years ago for an initial 5133) Medical Additions and alterations to the Riverwood Center, 2802 Parental Home Road, 3,000 square feet owner is Wiginton Fire Sprinklers Inc. Interior renovations for ZC Sterling, Corporate Plaza at Deerwood, 8663 Baypine Road, 2,070 square .



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