ING exits Australian general insurance market.

QBE picks up the tab.

Subject to regulatory approval, ING Group has announced plans for the sale of Mercantile Mutual Insurance Australia, Mercantile Mutual Insurance Workers Compensation Limited and its 50% share in the QBE Mercantile Mutual joint venture.

QBE Group has agreed to terms with ING to purchase its entire Australian general insurance stake for A$740 million, with a further $25million to be paid in February 2007 subject to the run off of pre-joint venture net insurance liabilities....

To continue reading, please login or register for free

Click for more on: ing | qbe

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...