Swiss Re Corporate Solutions to acquire QBE's Global Trade Credit and Surety business
Source: Middle East Insurance Review | Mar 2026
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals.
Upon successful completion, the acquisition will strengthen Swiss Re Corporate Solutions’ primary credit and surety insurance offering and expand its capabilities to address the risk management needs of corporate clients, according to a statement by the company released on February.
The transaction supports Swiss Re Corporate Solutions’ strategic ambition to diversify its portfolio and capture new growth opportunities.
QBE’s Global Trade Credit and Surety business, with a strong presence in Australia, New Zealand and the UK, is expected to generate annual revenues of $200m.
Globally, this segment of the insurance market generates around $19bn in premium annually, with continued growth potential driven by heightened economic uncertainty, more complex supply chains and rising demand for sophisticated risk transfer solutions.
The transaction is subject to various closing conditions including regulatory approvals, which are likely to take several months. No financial details of the transaction have been disclosed. M