Add-on Acquisition • Insurance

QBE Acquires Seguros SA de CV

On November 1, 2007, QBE acquired insurance company Seguros SA de CV for 33M USD

Acquisition Context
  • This is QBE’s 11th transaction in the Insurance sector.
  • This is QBE’s 14th largest (disclosed) transaction.
  • This is QBE’s 1st transaction in Mexico.

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M&A Deal Summary

Date November 1, 2007
Target Seguros SA de CV
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition
Deal Value 33M USD

Target Company

Seguros SA de CV

Quevedo, Mexico
Cumbre Seguros is a specialized commercial lines insurer of small to medium clients with offices in Mexico City, Guadalajara and Monterrey.
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Buyer Overview 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 Context for Buyer #
Overall 11 of 29
Sector: Insurance 11 of 29
Type: Add-on Acquisition 9 of 24
Country: Mexico 1 of 1
Year: 2007 4 of 4
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-13 H.P. Jenni & Partner AG

Zürich, Switzerland

H.P. Jenni & Partner AG is a provider of motor insurance solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 North Pointe Holdings

Michigan, United States

North Pointe Holdings Corporation is a provider of commercial and personal insurance products in the United States.

Buy $146M

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