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QBE Insurance, an Australian insurance and reinsurance group, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire full ownership of Raheja QBE General Insurance (Raheja QBE).
Following the transaction, Raheja QBE will be renamed QBE.
As previously announced, in March 2026, QBE Insurance signed an agreement with Prism Johnson, an Indian building materials company, to acquire its 51% stake in their India-based joint venture, Raheja QBE. With the completion of the transaction, QBE Insurance becomes the sole shareholder of the company.
