Bank of America completes sale of Balboa Insurance Co.
Published: June 3, 2011
Time posted: 8:10 am
Tags: Balboa Insurance Co., Bank of America, Countrywide, QBE Insurance Group
Bank of America said it has completed the sale of Balboa Insurance Co. to QBE Insurance Group.
The companies announced the sale agreement in February.
Balboa Insurance was acquired by Countrywide Financial Corp. in 1999. Bank of America acquired Countrywide in 2008.