M&A Deal Summary

QBE Acquires HSBC La Buenos Aires Seguros S.A

On March 7, 2012, QBE acquired insurance company HSBC La Buenos Aires Seguros S.A

Acquisition Highlights
  • This is QBE’s 29th transaction in the Insurance sector.
  • This is QBE’s 2nd transaction in Argentina.

M&A Deal Summary
Date 2012-03-07
Target HSBC La Buenos Aires Seguros S.A
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition

Target

HSBC La Buenos Aires Seguros S.A

Ciudadela, Argentina
HSBC La Buenos Aires Seguros S.A offers property and casualty insurance products and services.

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Buyer(S) 1

Buyer

QBE

Sydney, Australia

website

Category Company
Founded 1886
Sector Insurance
Employees11,190
Revenue 11.8B USD (2020)
DESCRIPTION

QBE is a general insurance and reinsurance companies, with operations in all the key insurance markets.The company underwrites commercial and personal lines classes of business through operations in 45 countries. QBE was founded in 1886 and is based in Sydney, Australia.

DEAL STATS #
Overall 29 of 29
Sector (Insurance) 29 of 29
Type (Add-on Acquisition) 24 of 24
Country (Argentina) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Optima Insurance Group

San Juan, United States

Optima Insurance Group focuses on small and mid-size selected property and casualty commercial risks and personal lines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 QBE Holdings

New York, New York, United States

QBE Holdings, Inc. is a provider of property and casualty, specialty, crop, and financial institutions insurance and reinsurance products and services.

Sell $300M
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