qbe insurance group ltd
(QBE:Australian Stock Exchange Ltd)
Transactions by QBE INSURANCE GROUP LTD (QBE) in the last 6 months
QBE Insurance Group Ltd. (ASX:QBE) acquired Truckingsolutions heavy motor insurance business from JUA Underwriting Agency Pty Limited on June 30, 2014. The acquisition will give QBE renewal rights to JUA’s Truckingsolutions portfolio. All new business and renewals will be underwritten by QBE. Truckingsolutions generates AUD 25 million in annual premium income. Arthur Kindis, previously QBE’s Underwriting Agencies Senior Distribution Manager, will head the Truckingsolutions ...
QBE Insurance Group Ltd. (ASX:QBE) acquired remaining 10% stake in Elders Insurance (Underwriting Agency) Pty Limited from Elders Limited (ASX:ELD) on May 8, 2014. Post transaction, Elders will maintain its board position on Elders Insurance (Underwriting Agency) Pty Limited. Proceeds from the sale will be used to further reduce term debt.
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