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Report: QBE Insurance looks to sell Latin America ops

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Report: QBE Insurance looks to sell Latin America ops

QBE Insurance Group Ltd. is said to have hired Morgan Stanley as adviser for the potential sale of its Latin America operations, The Australian reported Jan. 31.

Goldman Sachs is also reportedly involved in the sales process for the Latin America operations, which have been under review since 2017, the report added.

In December 2017, the insurer off-loaded its assets in Thailand, and observers believe the company will make similar moves with regard to its other emerging markets portfolio, the publication said.