Herbert Smith Freehills Kramer Advised Swiss Re Corporate Solutions on Acquisition of QBE's Global Trade Credit and Surety Business

Herbert Smith Freehills Kramer Advised Swiss Re Corporate Solutions on Acquisition of QBE's Global Trade Credit and Surety Business.

Leading global law firm Herbert Smith Freehills Kramer has advised Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, on its acquisition of QBE's global trade credit and surety business.

Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient.

The acquisition, which is subject to regulatory approvals, will strengthen Swiss Re Corporate Solutions’ direct credit and surety insurance offering and supports its strategic ambition to diversify its portfolio and capture new growth opportunities.

Grant Murtagh commented: "We are delighted to have worked with Swiss Re Corporate Solutions on this strategic acquisition. The transaction played to our strengths, including our global team of experts and our deep knowledge of the insurance sector. We look forward to continuing to work with Swiss Re on completing the deal."

To support the transaction, Herbert Smith Freehills Kramer fielded a global team of experts. The transaction was led by our London team, with Grant Murtagh (Partner, London), Guy Burman (Of Counsel, London), Nancy Darmanin (Associate/ Corporate/ M&A, Australia), Hamish Cullity (Solicitor/ Sydney, Australia) and Nicholas Tubbs (Associate/ London) and Annabel Vincent (Trainee) making up the corporate team.

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