QBE and IAG alone on the dancefloor
QBE is unlikely to face any competition in its takeover bid for IAG, according to analysts.
Merrill Lynch doubts there will be any competing bids for IAG, with Allianz, Zurich and Wesfarmers the only other potential acquirers.
Waiting in the wings could be Chinese giant Ping An Insurance, which is in the process of raising RMB160 billion ($24 billion) to fund an ambitious foreign acquisition program.
But Citigroup analysts dismiss the possibility of the Chinese insurer, or the Commonwealth Bank, Allianz or Zurich tabling a rival offer as they would be unable to extract similar synergies from the deal.
QBE has earmarked $300 million of annual synergies resulting from acquiring IAG.
Merrill Lynch doubts there will be any competing bids for IAG, with Allianz, Zurich and Wesfarmers the only other potential acquirers.
Waiting in the wings could be Chinese giant Ping An Insurance, which is in the process of raising RMB160 billion ($24 billion) to fund an ambitious foreign acquisition program.
But Citigroup analysts dismiss the possibility of the Chinese insurer, or the Commonwealth Bank, Allianz or Zurich tabling a rival offer as they would be unable to extract similar synergies from the deal.
QBE has earmarked $300 million of annual synergies resulting from acquiring IAG.