QBE Insurance (Philippines) Inc. was formed in December 1999 as a result of the acquisition of the renewal rights of Rizal Surety and Insurance Co. Inc. It is a joint venture in association with a major local organisation, the Alsons Group. QBE Insurance (Philippines) Inc commenced writing business from 3 January 2000. Specialist marine and liability capabilities are located within the Philippine operation, adding to the regional specialist lines presence of QBE.