QBE Insurance Group Limited is an insurance company which underwrites most forms of commercial and industrial insurance policies, as well as individual policies.
QBE also manages Lloyds syndicates and provides investment management services. The Company provides its services both domestically and internationally.
Financial Stock QBE Insurance announced that it is in the final stages of negations to acquire two ‘bolt on’ acquisitions.
The acquisitions are expected to contribute up to US$500 million in annual written premium to the QBE business.
The company which recently raised $450 million from an institutional capital raising said that it will pay for the acquisitions from internal resources.