QBE divests operations in Papua New Guinea

QBE today confirms it has completed the divestment of its operations in Papua New Guinea to Alpha Insurance Limited (Alpha).  This follows a strategic review and will allow QBE to optimise its portfolio and reallocate capital and resources to growth areas more closely aligned to QBE’s longer-term strategy.

Alpha is a leading general insurer in PNG with a strong track record in the Pacific and an enduring commitment to the region.

QBE and Alpha have worked together to ensure a smooth transition for QBE employees, customers and brokers.