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Reuters
Reuters
Business

Australia's QBE Insurance says Asia Pacific no longer to be separate arm

FILE PHOTO: A man waits in front of a QBE Insurance Group headquarters in central Sydney May 19, 2008. REUTERS/Daniel Munoz (AUSTRALIA)

(Reuters) - Australia's QBE Insurance Group Ltd <QBE.AX> on Wednesday announced a streamlining of its operations whereby its Asia Pacific arm will no longer be a separate division.

Effective from Jan. 1 next year, QBE's International operations will comprise Europe and Asia, while Australia Pacific will include Australia, New Zealand, the Pacific and India, the global insurance provider said in a statement.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Gareth Jones)

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