M&A Deal Summary

QBE Acquires CNA Aseguradora de Riesgos del Trabajo S.A.

On May 7, 2010, QBE acquired insurance company CNA Aseguradora de Riesgos del Trabajo S.A.

Acquisition Highlights
  • This is QBE’s 20th transaction in the Insurance sector.
  • This is QBE’s 1st transaction in Argentina.

M&A Deal Summary

Date 2010-05-07
Target CNA Aseguradora de Riesgos del Trabajo S.A.
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition

Target

CNA Aseguradora de Riesgos del Trabajo S.A.

Buenos Aires, Argentina
CNA Aseguradora de Riesgos del Trabajo S.A. is a provider of labor risk insurance products and services.

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Buyer(S) 1

Buyer

QBE

Sydney, Australia

Category Company
Founded 1886
Sector Insurance
Employees13,479
Revenue 18.7B USD (2024)
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 20 of 29
Sector: Insurance M&A 20 of 29
Type: Add-on Acquisition M&A Deals 16 of 24
Country: Argentina M&A 1 of 2
Year: 2010 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Elders Insurance

Adelaide, Australia

Elders Insurance, Ltd. is a provider of insurance products and services.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 Colonial Compania de Seguros y Reaseguros SA

Quito, Ecuador

Colonial Compania de Seguros y Reaseguros SA is a general insurance company of Ecuador.

Buy -