(Reuters) - The total purchase price for the two acquisitions was A$2.5
billion and net tangible assets at completion are estimated at
A$1.5 billion. In addition, QBE will repay a US$557 million
loan from the Winterthur US parent.
QBE confirms its previously announced gross written premium
income target of around US$2.8 billion in the first full year
from these acquisitions. Net earned premium from the
acquisitions in a full year is expected to be approximately
US$2.6 billion, which includes the additional retained premium
following the cancellation of the Praetorian 50% quota share
reinsurance with Hannover Re.
Read more at Reuters.com Mergers News
billion and net tangible assets at completion are estimated at
A$1.5 billion. In addition, QBE will repay a US$557 million
loan from the Winterthur US parent.
QBE confirms its previously announced gross written premium
income target of around US$2.8 billion in the first full year
from these acquisitions. Net earned premium from the
acquisitions in a full year is expected to be approximately
US$2.6 billion, which includes the additional retained premium
following the cancellation of the Praetorian 50% quota share
reinsurance with Hannover Re.
Read more at Reuters.com Mergers News
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