M&A Deal Summary

QBE Acquires Compañia Central de Seguros de Vida S.A.

On March 1, 2005, QBE acquired insurance company Compañia Central de Seguros de Vida S.A.

Acquisition Highlights
  • This is QBE’s 3rd transaction in the Insurance sector.
  • This is QBE’s 1st transaction in Colombia.

M&A Deal Summary

Date 2005-03-01
Target Compañia Central de Seguros de Vida S.A.
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition

Target

Compañia Central de Seguros de Vida S.A.

Bogota, Colombia
Compañia Central de Seguros de Vida S.A. writes annual group life, personal accident, property, liability and motor insurance.

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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 3 of 29
Sector: Insurance M&A 3 of 29
Type: Add-on Acquisition M&A Deals 3 of 24
Country: Colombia M&A 1 of 1
Year: 2005 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Greenhill Baia Underwriting

Germany

Greenhill Baia Underwriting GmbH currently produces property and liability insurance for the London market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-28 National Farmers Union Property & Casualty Co.

Greenwood Village,, Colorado, United States

National Farmers Union Property & Casualty Co. writes personal and commercial business in nine mid-west states and specialist package insurance for small regional and rural telephone/communications operators in thirty-four states.

Buy $140M