Shareholders of Limit Plc have tendered a total of 89.6 percent of their shares to Australia’s QBE Insurance Group, the successful bidder for the Lloyd’s underwriter and syndicate manager with its 140 pence ($2.24) bid last June.
Pending only regulatory approvals, the offer has become unconditional, and assures QBE’s acquisition of all LIMIT shares.
QBE plans to integrate LIMIT operations into its group structure; when this is accomplished it will effectively conduct a majority of its business outside of Australia.
Was this article valuable?
Here are more articles you may enjoy.
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
AI’s Water Strain Includes Surging Demand From Electricity Use 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
