QBE states its European ambitions
Steve Burns, CEO of QBE European operations, said the company was looking to acquire in mainland Europe
The CEO of QBE European operations has spoken of the insurers’ ambitious growth plans.
Steve Burns said the insurer was looking for acquisitions in mainland Europe, as well as bolt-ons for its existing portfolio.
He admitted that QBE was one of the companies that considered buying Fortis Corporate Insurance, which was eventually snapped up by Amlin, earlier this year. However, he ruled out buying a broker as he said it was “too expensive” and did not fit with the company’s strategy.
Talking
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