Tuesday, December 20, 2011
(New York, N.Y.) - The QBE Divisional Foundation has awarded a
$100,000 grant to Paterson Habitat for Humanity to build a home in
Paterson, N.J., for a family in need.
According to QBE President and Chief Executive Officer John
Rumpler, Habitat for Humanity provides services that fit well with
the foundation mission. The foundation is dedicated to supporting
vocational opportunities around the world through organizations
that help people live more independently, successfully and
"Homeownership is out of reach for many hard-working people," he
said. "We are delighted our grant will help new homeowners make
strides toward helping themselves."
Habitat for Humanity builds, renovates and sells houses to
low-income families. Churches, community groups, volunteers and the
homeowners work together to make decent, affordable housing a
reality. Paterson Habitat for Humanity Executive Director Barbara
Dunn says the foundation grant will support most of the home's
construction costs. "This is a wonderful gift," she said. "QBE
employees also will have a chance to work alongside the homeowners
to help build a dream for a family that's been desperately waiting
for a home."
Habitat for Humanity is one of 10 charities receiving grants
from QBE in 2011. More than 200 charities providing vocational
services in QBE's local communities were nominated and voted on by
employees in 143 offices across the country.
QBE Insurance Group Limited is one of the top 25 insurers and
reinsurers worldwide. Headquartered in Sydney, Australia, QBE
operates out of 49 countries around the globe, with a presence in
every key insurance market. The Americas Division, headquartered in
New York, conducts business through various property and casualty
insurance subsidiaries in 10 countries. QBE's Americas Division
produced $5.2 billion in gross written premium in 2010 and an 89.7
percent combined operating ratio. QBE Insurance companies are rated
"A" (Excellent) by A.M. Best and "A+" by Standard and Poor's. For
more information, visit qbe.com.