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QBE QBE Insurance Group Limited

18.335
0.055 (0.30%)
Last Updated: 05:38:41
Delayed by 20 minutes
Share Name Share Symbol Market Type
QBE Insurance Group Limited ASX:QBE Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.055 0.30% 18.335 18.33 18.34 18.40 18.275 18.34 662,923 05:38:41

National General Holdings to Buy National Farmers Union Insurance

13/11/2018 10:53pm

Dow Jones News


QBE Insurance (ASX:QBE)
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   By Stephen Nakrosis 
 

National General Holdings Corp. (NGHC) said Tuesday it will acquire National Farmers Union Property and Casualty Company from QBE North America, in a deal worth about $43 million.

National General Chief Executive Officer Barry Karfunkel said, "We are excited to continue to expand our personal lines portfolio through the acquisition of National Farmers Union Insurance."

National Farmers Union Insurance, which is based in Wisconsin, predominantly writes personal and farm auto and farm and homeowners' insurance in the Midwest U.S., National General said.

The transaction is expected to close in the first half of 2019.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 13, 2018 17:38 ET (22:38 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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