QBE completes divestment of Global Trade Credit and Surety operations to Swiss Re Corporate Solutions

QBE Insurance Group today confirms it has completed the divestment of its Global Trade Credit and Surety operations to Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group.
The completion supports QBE’s ongoing strategic focus on optimising its portfolio, enabling the reallocation of capital and resources towards growth opportunities that align more closely with QBE’s long-term strategy.
QBE and Swiss Re Corporate Solutions have worked together to ensure a smooth transition for QBE employees, customers and brokers.
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations globally, backed by the financial strength of the Swiss Re Group, one of the world’s leading reinsurers.