M&A Deal Summary

QBE Acquires ZC Sterling Insurance Agency

On November 26, 2008, QBE acquired insurance company ZC Sterling Insurance Agency for 575M USD

Acquisition Highlights
  • This is QBE’s 17th transaction in the Insurance sector.
  • This is QBE’s 4th largest (disclosed) transaction.
  • This is QBE’s 7th transaction in the United States.
  • This is QBE’s 1st transaction in Georgia.

M&A Deal Summary
Date 2008-11-26
Target ZC Sterling Insurance Agency
Sector Insurance
Buyer(s) QBE
Deal Type Add-on Acquisition
Deal Value 575M USD

Target

ZC Sterling Insurance Agency

Atlanta, Georgia, United States
ZC Sterling Insurance Agency is an underwriting agency specializing in providing specialty insurance solutions through customized technology-enabled business process services to mortgage originators, homebuilders, banks and real estate agents across the United States.

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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 17 of 29
Sector (Insurance) 17 of 29
Type (Add-on Acquisition) 13 of 24
State (Georgia) 1 of 1
Country (United States) 7 of 13
Year (2008) 6 of 6
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-14 PMI Mortgage Insurance Australia Pty

Sydney, Australia

PMI Mortgage Insurance Australia is a provider of lenders’ mortgage insurance products and services.

Buy AU$969M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-27 Burnett

New Orleans, Louisiana, United States

Burnett is an independent wholesaler representing the London and domestic US market. Burnett specialises in underwriting Marine and Energy business and its product offerings range from Control of Well to Oil & Gas Liabilities and Social Services Liabilities.

Buy -
Mergr

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