QBE Insurance Group will acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an estimated $100 million in gross written premium in 2011.
QBE says the transaction includes Colonial Insurance Agency, a managing general agent, as well as Optima Insurance Co., a P&C insurer, and New Century Financial Corp., which provides financing for Optima and Colonial clients. Completion of this transaction is expected in March 2012 and is subject to regulatory approval by the insurance commissioner of Puerto Rico.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access