QBE Insurance (Australia) Limited - proposed acquisition of Compusure Pty Limited's travel insurance distribution network
Type of assessment
Informal Review
Reference
29580
Acquirer(s)
QBE Insurance (Australia) Limited
Target(s)
Compusure Pty Ltd
Industry
Insurance
Summary
QBE Insurance (Australia) Ltd proposes to acquire the travel insurance distribution assets of Compusure Pty Ltd
Outcome of assessment
Not opposed
Total review days *
12
Commenced public review
8th February 2008
Date completed
25th February 2008
Market definition
The ACCC considered the proposed acquisition in the context of the national market for the supply of general travel insurance.
Competition analysis
On 25 February 2008, the ACCC formed the view that the proposed acquisition would be unlikely to result in a substantial lessening of competition. Factors informing this conclusion included that barriers to entry appear to be relatively low and there are a high number of substitute suppliers which offer comparable substitutes to the merged entity.
Review timeline
Date
Event
8th February 2008
ACCC commenced review under the Merger Review Process Guidelines.
22nd February 2008
Closing date for submissions from interested parties.
25th February 2008
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
