Sydney, Australia-based QBE Insurance Group, Ltd. has acquired Praetorian Financial Group Inc., the U.S. program business underwriter of Germany-based Hannover Re.
Both companies said QBE purchased Praetorian for $800 million. The deal is subject to regulatory approval, but is expected to be completed in the second quarter of 2007.
QBE said the deal would be financed through cash and short-term debt.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
