Australia’s QBE Insurance Group announced it has completed the full acquisition of Raheja QBE General Insurance Company. The transaction has secured official approval from the Insurance Regulatory and Development Authority of India (IRDAI).

The acquired entity is Raheja QBE General Insurance Company, jointly run by QBE and Prism Johnson. Following deal completion, the brand will be rebranded uniformly to QBE. With full ownership of its Indian operations, QBE will gain greater autonomy to roll out product upgrades and operational improvements, building an insurance service system tailored to local customer demands in India.