Australia $26 Billion Insurance Group QBE Buys Remaining 51% Stake in India General Insurer Raheja QBE for $34 Million (INR 3.24 Billion) from India $613 Million Building Materials Company Prism Johnson, Raheja QBE Formed in 2007 (Rajan Raheja Group & QBE Joint Venture)
4th July 2026 | Hong Kong
Australia insurance group QBE ($25.7 billion market value) has bought the remaining 51% stake in India general insurer Raheja QBE for $34 million (INR 3.24 billion) from India building materials company Prism Johnson ($613 million market value). Raheja QBE was formed in 2007 (Rajan Raheja Group & QBE joint venture). Announcement (2/7/26): “QBE Insurance Group Limited, an international general insurer and reinsurer, has acquired 100% ownership of Raheja QBE General Insurance Company Limited (Raheja QBE), following approval from the Insurance Regulatory and Development Authority of India (IRDAI). The acquisition follows 18 years of joint ownership with Prism Johnson Limited and marks a significant milestone in QBE’s strategic expansion in the Asian region. Raheja QBE is also being renamed and will be known as QBE as part of this acquisition. This transaction underscores QBE’s view of India as an important growth market. Sole ownership will enable QBE to explore new opportunities for product and operational innovation, with the goal of improving and creating customer-centric solutions across the Indian insurance landscape. Both QBE Asia and Raheja QBE teams will continue to drive the local business forward.”
“ Australia $26 Billion Insurance Group QBE Buys Remaining 51% Stake in India General Insurer Raheja QBE for $34 Million (INR 3.24 Billion) from India $613 Million Building Materials Company Prism Johnson, Raheja QBE Formed in 2007 (Rajan Raheja Group & QBE Joint Venture) “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Rob Kosova, CEO, QBE Asia: “India is one of the world’s most dynamic markets – and we are well positioned to deploy QBE’s capabilities and unlock the next phase of growth in a country we believe has enormous long-term potential. While ownership is changing, our focus remains exactly the same: supporting our customers, partners and people.”
Raheja QBE – Raheja QBE is a joint venture between Rajan Raheja Group and QBE Insurance, Australia’s second largest global insurer. Raheja QBE has been established to help and create the most conducive environment for consumers and partners in the insurance sector. While Rajan Raheja Group brings in its extensive knowledge across various business sectors in India, QBE insurance offers global expertise in insurance that together results in innovative insurance solutions for diverse consumers.
QBE – At QBE we’re driven by our purpose of enabling a more resilient future. We began in 1886 as a marine insurance company, and quickly expanded to be at the heart of the key shipping destinations of London, Hong Kong and Singapore. Since then, we have grown into an international insurer and reinsurer with a local presence in 26 countries, headquartered in Sydney, Australia. We don’t just see ourselves as an insurer, but a partner to our customers in helping them to navigate uncertainty. We provide tailored solutions across commercial, personal, and specialty products, as well as risk management solutions to help individuals and businesses manage risks, build strength and embrace change.
AAustralia $26 Billion Insurance Group QBE Buys Remaining 51% Stake in India General Insurer Raheja QBE for $34 Million (INR 3.24 Billion) from India $613 Million Building Materials Company Prism Johnson, Raheja QBE Formed in 2007 (Rajan Raheja Group & QBE Joint Venture)
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
