Medical Insurance Group Australia (MIGA) has acquired underwriting agency Invivo, which was part-owned by QBE.

Run-off claims for doctors insured with QBE via Invivo will be handled by MIGA, which will underwrite all new and renewal business once the transaction is completed.

“The acquisition supports our growth strategy, particularly in the eastern states, where we have been growing our presence, and will create important synergies and efficiencies within our business,” MIGA CEO Mandy Anderson said.

The transaction will be completed late next month.