M&A Deal Summary

QBE Acquires Winterthur U.S. Holdings

On May 31, 2007, QBE acquired insurance company Winterthur U.S. Holdings from AXA for 1.2B USD

Acquisition Highlights
  • This is QBE’s 9th transaction in the Insurance sector.
  • This is QBE’s largest (disclosed) transaction.
  • This is QBE’s 4th transaction in the United States.
  • This is QBE’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2007-05-31
Target Winterthur U.S. Holdings
Sector Insurance
Buyer(s) QBE
Sellers(s) AXA
Deal Type Divestiture
Deal Value 1.2B USD

Target

Winterthur U.S. Holdings

Sun Prairie,, Wisconsin, United States
Winterthur U.S. Holdings, Inc. is a provider of property and casualty insurance services.

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Buyer(S) 1

Buyer

QBE

Sydney, Australia
Category Company
Founded 1886
Sector Insurance
Employees13,479
Revenue 17.4B USD (2023)
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 9 of 29
Sector (Insurance) 9 of 29
Type (Divestiture) 2 of 5
State (Wisconsin) 1 of 1
Country (United States) 4 of 13
Year (2007) 2 of 4
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-31 Praetorian Financial Group

New York, New York, United States

Praetorian Financial Group writes specialist property and casualty insurance programs through various managing agents and brokers.

Buy $800M
FOLLOWING 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 -

Seller(S) 1

SELLER

AXA

Paris, France
Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.

DEAL STATS #
Overall 2 of 15
Sector (Insurance) 2 of 13
Type (Divestiture) 2 of 14
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-26 Smart & Cook Group

Harrogate, United Kingdom

Smart & Cook Group Ltd. is an insurance, risk management and financial services groups. It offers insurance broking and consultancy services for corporate clients including insurance due diligence services. It has three revenue streams: commercial insurance, consultancy and financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-24 AXA UK Life Business

United Kingdom

AXA UK Life Business includes UK-based traditional life and pensions businesses, its IFA protection and corporate pension businesses, and its annuity businesses.

Sell $4.1B
Mergr

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