QBE Insurance (Australia) Limited - proposed acquisition of Compusure Pty Limited's travel insurance distribution network

Acquirer(s)

  • QBE Insurance (Australia) Limited

Target(s)

  • Compusure Pty Ltd

Summary

QBE Insurance (Australia) Ltd proposes to acquire the travel insurance distribution assets of Compusure Pty Ltd

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.

Timeline

DateEvent
08/02/2008ACCC commenced review under the Merger Review Process Guidelines.
22/02/2008Closing date for submissions from interested parties.
25/02/2008ACCC announced it would not oppose the proposed acquisition.