QBE puts sale of mid-market business on hold
16 June 2014
Global insurer QBE has postponed the sale of its US mid-market business amid muted interest, The Insurance Insider can reveal.
As previously reported, in the spring QBE decided to sell the business it paid $1.2bn for seven years ago, awarding the sale mandate to Bank of America Merrill Lynch.
Click to enlargeHowever, multiple banking sources said that QBE has deferred the auction until the autumn. It is understood that the sale process is slated to resume in September
QBE puts sale of mid-market business on hold 16 June 2014 Global...
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