Acquisition History / QBE Insurance Group Ltd / Raheja QBE General Insurance Company Ltd (remaining 51%)
QBE Insurance Group Ltd Acquires Raheja QBE General Insurance Company Ltd (remaining 51%)
Announced March 5, 2026 — $36.6M
What happened
Australia's QBE Insurance agreed to buy the remaining 51% of Raheja QBE General Insurance from Indian joint venture partner Prism Johnson for Rs 324 crore, taking it to 100% ownership. It is the first transaction in which a foreign insurer owns an Indian insurer outright after the government permitted full FDI in insurance. The sale is subject to regulatory approvals.
- Acquirer
- QBE Insurance Group Ltd
- Target
- Raheja QBE General Insurance Company Ltd (remaining 51%)
- Announced
- March 5, 2026
- Price
- $36.6M
- Industry
- General insurance
- Buyer type
- Strategic acquirer
- Backing investors
- Prism Johnson Ltd (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did QBE Insurance Group Ltd acquire Raheja QBE General Insurance Company Ltd (remaining 51%)?
QBE Insurance Group Ltd acquired Raheja QBE General Insurance Company Ltd (remaining 51%) on March 5, 2026. This was QBE Insurance Group Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did QBE Insurance Group Ltd pay for Raheja QBE General Insurance Company Ltd (remaining 51%)?
QBE Insurance Group Ltd paid $36.6M for Raheja QBE General Insurance Company Ltd (remaining 51%).
What does Raheja QBE General Insurance Company Ltd (remaining 51%) do?
Australia's QBE Insurance agreed to buy the remaining 51% of Raheja QBE General Insurance from Indian joint venture partner Prism Johnson for Rs 324 crore, taking it to 100% ownership. It is the first transaction in which a foreign insurer owns an Indian insurer outright after the government permitted full FDI in insurance. The sale is subject to regulatory approvals.
What other General insurance companies has QBE Insurance Group Ltd acquired?
Raheja QBE General Insurance Company Ltd (remaining 51%) is QBE Insurance Group Ltd's only publicly tracked acquisition in General insurance so far.