QBE divests operations in Papua New Guinea

PRESS RELEASE 

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.