Zurich Insurance's acquisition of QBE Mexico approved
Posted On: Sep. 5, 2018 5:31 AM CSTMexico's Insurance Commission has approved the acquisition of insurer QBE de Mexico Compania de Seguros S.A. de C.V. by Switzerland-based Zurich Insurance Group Ltd., El Economista reported. The transaction is based on an agreement with QBE Mexico's parent firm QBE Insurance Group Ltd. to acquire operations in Latin American countries for $409 million. Zurich Insurance expects to achieve a total return on investments of more than 10% with this acquisition.