QBE acquires two motor insurance businesses


QBE Insurance Group, Australia’s largest international general insurance & reinsurance group, has acquired 2 motor insurance businesses in Switzerland – HP Jenni & Partner and Anex Jenni & Partner. These will now form part of QBEa��s European offering. Together, they contain a motor income in the region of a��8.5m (A?5.7m).

The purpose is to combine both businesses to form QBE Switzerland which will be a division of QBE Insurance (Europe) which is anticipated to commence underwriting from January 2008.

A spokesperson for QBE European Operations commented that the acquisition of the 2 motor insurance businesses is a step in the right direction.

In addition, QBE European Markets commented that this opportunity will enhance their presence in Switzerland and are optimistic that they can expand their product offering.

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Comments are closed.