QBE Insurance is exiting the homeowners market in North Carolina, marking a full withdrawal as it narrows its focus.

The company will stop writing new homeowners policies on July 1, 2026. Nonrenewals will begin September 1, 2026, rolling over roughly a year. The exit impacts 7,707 policies, representing about $16.2 million in in-force premium.

This is not a partial pullback. The filing ties the move to a broader strategy to exit homeowners insurance across all states.

The affected book includes standard HO3 and HO6 policies. Renters business had already been withdrawn.

To manage the transition, program administrator Millennial Specialty Insurance is working with Builder Reciprocal Insurance Exchange to offer replacement coverage. If approved, the reciprocal plans to step in with similar policy forms to retain customers and limit disruption.

Nonrenewal notices will be sent at least 60 days in advance, with the process spread across the policy cycle rather than a single cutoff date.