Swiss Re - QBE Insurance's Trade Credit and Surety business
Swiss Re International SE (**Swiss Re**) proposes to acquire certain assets from QBE Insurance Holdings Pty Ltd (**QBE**) relating to its Credit & Surety business (**QBE’s TC&S Business**), including data, employees and renewal rights (the **Acquisition**). Swiss Re provides insurance, reinsurance and risk transfer solutions to mid to large-sized corporate customers. In Australia, Swiss Re provides a range of property and casualty insurance products, including non-payment insurance for banks, surety bonds and claims management services. QBE is an Australian-based provider of a broad range of insurance and reinsurance products to personal, business, corporate and institutional customers. QBE’s TC&S Business provides: * non‑payment insurance (also known as trade finance insurance) which insures commercial banks and financial institutions against the risk of counterparties’ non‑payment of loans, guarantees or letters of credit. * trade credit insurance which insures corporate customers against the risk of non-payment of trade receivables arising from credit sales. * surety bonds which involve providing a financial guarantee that a party will fulfill a contractual, statutory, or financial obligation with the insurer committing to intervene if the insured party fails to do so.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Phase 1 - initial assessment
- Notified
- 10 April 2026
- Determination published
- 6 May 2026
Acquirers
- Swiss Re International SE
Targets
- QBE Insurance Holdings Pty Limited