As you are asking I am telling Bank of America had Completes Sale of Balboa Insurance Business to QBE in 2011

In 2011 Bank of America had completed the sale of the lender-placed and voluntary property and casualty insurance assets and liabilities of Balboa Insurance Company and affiliated entities to QBE Insurance Group. The companies first announced the sale agreement in February.

The sale is consistent with Bank of America’s strategy to focus on businesses that directly serve customers and clients around the world, while continuing to strengthen its balance sheet.

Bank profile :

Type Public
Traded as NYSE: BAC
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 111 years ago (as Bank of Italy)
February 1930; 86 years ago (as Bank of America)
1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, United States
Area served Worldwide
Key people Brian T. Moynihan
Chairman & CEO
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,