Qatar Re makes £500m takeover bid for Sabre, reports

Fleet cars

BC Partners is looking to sell the motor insurer.

Qatar Reinsurance Company has made a £500m bid for Sabre, Sky News has reported.

According to the article, the reinsurance company has teamed up with US-based investment firm Centerbridge to attempt to buy Sabre from BC Partners.

Insurance Age reported on 24 May this year that BC Partners was looking to sell the firm, and that it was also exploring plans for a Stock Exchange listing for the insurer.

Value
Centerbridge and Qatar Re are reportedly competing against private equity firm Warburg

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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