M&A Deal Summary

QBE Acquires Colonial Compania de Seguros y Reaseguros SA

On June 15, 2010, QBE acquired insurance company Colonial Compania de Seguros y Reaseguros SA

Acquisition Highlights
  • This is QBE’s 21st transaction in the Insurance sector.
  • This is QBE’s 1st transaction in Ecuador.

M&A Deal Summary

Date 2010-06-15
Target Colonial Compania de Seguros y Reaseguros SA
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition

Target

Colonial Compania de Seguros y Reaseguros SA

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

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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 21 of 29
Sector: Insurance M&A 21 of 29
Type: Add-on Acquisition M&A Deals 17 of 24
Country: Ecuador M&A 1 of 1
Year: 2010 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-07 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 International Aerospace Insurance Services

Carpinteria, California, United States

International Aerospace Insurance Services, Inc., a specialized underwriter, provides risk management solutions for aerospace risks.

Buy $565M