NEW YORK, July 15, 2015 (GLOBE NEWSWIRE) -- National General Holdings Corp. NGHC today announced that it has reached an agreement to acquire the Lender-Placed Insurance business of QBE North America, a division of QBE Insurance Group Limited QBE. The transaction includes the acquisition of certain assets, including loan-tracking systems and technology, client servicing accounts, intellectual property, and vendor relationships, as well as the assumption all related insurance liabilities in a reinsurance transaction through which National General will receive the loss reserves, unearned premium reserves, and invested assets at closing. As of June 30, 2015 these amounts were approximately $92 million, $247 million, and $342 million, respectively. The purchase price will be an aggregate cash payment of $90 million, payable at closing, which is expected to occur within 90 days. The transaction is subject to customary closing conditions and regulatory approvals.