trending Market Intelligence /marketintelligence/en/news-insights/trending/Wb_t041XwJePRr1p2kTJkQ2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

QBE Insurance denies takeover discussions with Allianz


COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021


Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits


Q&A: Navigating Climate Risk as a Financial Risk

QBE Insurance denies takeover discussions with Allianz

QBE Insurance Group Ltd. denied media speculation that it was in discussions with Allianz Group about a possible takeover.

The Australia-headquartered insurer said Jan. 30 that "it is not in discussions with Allianz or any other potential buyer."

QBE was responding to media reports that Allianz made an informal approach to QBE to gauge its interest in a takeover deal. No acquisition price was proposed to QBE, Reuters reported Jan. 30, citing "a source familiar with the situation."

Allianz had reportedly floated an offer of A$15 per share, Handelsblatt reported.

Allianz declined to comment.

As of Jan. 27, US$1 was equivalent to A$1.32.