QBE insurance chief exectutive Pat Regan has signalled his interest over the Commenwealth Bank's general insurance unit in an interview with The Australian.
"There is a scarcity of good assets out there," he said. "So if or when it comes to the market, perhaps we'll have a look at it."
Last year CBA started a strategic review of its general insurance business, which includes motor and home insurances and it is expected to begin the sales process this year. When the review was announced in June last year it was speculated that QBE, Allianz and IAG all might throw their hat in the ring to buy the bank's insurance arm.