QBE eyes up RSA’s Asia division

Original article by Ruth Liew
The Australian Financial Review – Page: 23 : 6/19/2014

Australian insurance analysts have downplayed speculation that QBE Insurance Group could bid for the Asian arm of UK-based RSA Insurance Group. The business is expected to fetch up to $A500m, and media reports have identified QBE as a potential buyer. However, Ross Curran of the Commonwealth Bank says QBE is likely to focus on consolidating its existing operations instead of seeking acquisitions

CORPORATES
QBE INSURANCE GROUP LIMITED – ASX QBE, RSA INSURANCE GROUP PLC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AXA SA, SOMPO JAPAN INSURANCE INCORPORATED, ALLIANZ AG HOLDING, HANG SENG GENERAL INSURANCE (HONG KONG) COMPANY LIMITED, THE GOLDMAN SACHS GROUP INCORPORATED, REUTERS HOLDINGS PLC, CREDIT SUISSE (AUSTRALIA) LIMITED