QBE acquires HSBC's Macau GI business
HSBC Insurance (Asia) has entered into an agreement to dispose of its general insurance business in Macau to QBE Insurance (International) as the bank continues to sell insurance businesses in Asia.
Confirming the agreement in a statement HSBC said the gross asset value of this business is approximately HK$6.97m ($0.9m) at 31 December 2012.
QBE has been operating in Macau since 1985 providing
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