QBE Insurance Group, the Australia-headquartered general insurer and reinsurer, is poised to take full ownership of Raheja QBE General Insurance Company, pending regulatory clearance.
The planned transaction will end an 18-year joint venture with Prism Johnson Limited and reflects QBE’s continued long-term commitment to India’s insurance sector.
The acquisition remains subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). During the review process, business operations and service standards are expected to continue without disruption. Further updates will be announced at the right time.