QBE moves to take full control of Raheja QBE, ending 18-year joint venture

New Delhi (The Uttam Hindu): QBE Insurance Group, an international general insurance and reinsurance company headquartered in Australia, plans to become the sole owner and shareholder of Raheja QBE, subject to regulatory approval.

The move comes after 18 years of joint ownership with Prism Johnson Limited and highlights QBE’s continued commitment to the insurance market in India.

Operations and service standards are expected to remain unchanged while the transaction is under review by the Insurance Regulatory and Development Authority of India (IRDAI). Further details will be shared once the regulatory process is completed.