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QBE denies rumors of acquisition by Allianz

QBE denies rumors of acquisition by Allianz

Australia-based insurer QBE Insurance Group Ltd. has repudiated rumors that it has received an acquisition proposal from Germany-based insurer Allianz S.E., Romanian Insurance reported citing media sources. 

"Talks between the groups were friendly but there were no concrete negotiations about a deal yet," Handelsblatt said.

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