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QBE - QBE Insurance News Story

A$8.83 -0.1  -0.6%

Last Trade - 29/05/20

Sector
Financials
Size
Large Cap
Market Cap £6.21bn
Enterprise Value £8.52bn
Revenue £11.85bn
Position in Universe 42nd / 1842

BRIEF-NIB Holdings Completes Purchase Of QBE's Travel Insurance Business

Mon 13th May, 2019 7:16am
May 13 (Reuters) - Nib Holdings Ltd  NHF.AX :
    * NIB COMPLETES PURCHASE OF QBE'S TRAVEL INSURANCE
    * ONE-OFF TRANSACTION AND INTEGRATION COSTS ARE FORECAST TO
BE
ABOUT $11 MILLION
    * ACQUISITION WILL ALSO SEE NIB TRAVEL BECOME EXCLUSIVE
TRAVEL
INSURANCE PARTNER OF QANTAS ACROSS AUSTRALIA AND NEW ZEALAND
    * AMORTISATION OF RELATED IDENTIFIABLE INTANGIBLES ARE
EXPECTED TO
BE APPROXIMATELY $2 MILLION ANNUALISED

Source: https://bit.ly/2LAdu6v
Further company coverage:  NHF.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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