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QBEInsurance


Wiadomości

Australian shares track Wall Street higher as US data eases recession fears

Australian shares track Wall Street higher as US data eases recession fears Aug 9 (Reuters) - Australian shares opened higher on Friday, in tandem with Wall Street's overnight strength, as U.S. jobs data calmed investor fears over a possible recession, while local gold and energy stocks tracked a surge in commodity prices. The S&P/ASX 200 index .AXJO was up 0.6% at 7,727.8 points, as of 0034 GMT.
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Australian insurer QBE taps RiverStone, Enstar to de-risk $1.6 bln reserves exposure

UPDATE 1-Australian insurer QBE taps RiverStone, Enstar to de-risk $1.6 bln reserves exposure Updates with further details and background throughout Aug 9 (Reuters) - Australia's QBE Insurance QBE.AX said on Friday it had entered transactions with Britain-based RiverStone International and global insurance group Enstar ESGR.O in a bid to de-risk the firm's exposure to reserves totalling about $1.6 billion.
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Australia's QBE Insurance first-half profit more than doubles, but misses estimates

UPDATE 3-Australia's QBE Insurance first-half profit more than doubles, but misses estimates HY profit after tax more than doubles Enters reinsurance deals to de-risk exposure to reserves FY GWP growth estimate lowered to 3% Shares hit lowest since Jan. 30 Updates with analyst comment, share moves, and further details on results By Ayushman Ojha and Rishav Chatterjee Aug 9 (Reuters) - Australia's QBE Insurance Group QBE.AX on Friday reported a more than twofold jump in its first-half profit, boo
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QBE Insurance Says Entered Reserve Transactions With RiverStone International And Enstar

BRIEF-QBE Insurance Says Entered Reserve Transactions With RiverStone International And Enstar Aug 9 (Reuters) - QBE Insurance Group Ltd QBE.AX : ENTERED INTO IMPORTANT RESERVE TRANSACTIONS WITH RIVERSTONE INTERNATIONAL AND ENSTAR TRANSACTIONS THAT WILL DE‑RISK  GROUP'S EXPOSURE TO RESERVES TOTALLING $1.6 BILLION $1.6 BILLION RESERVE TRANSACTIO
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Australian insurer QBE taps RiverStone, Enstar to de-risk $1.6 bln reserves exposure

Australian insurer QBE taps RiverStone, Enstar to de-risk $1.6 bln reserves exposure Aug 9 (Reuters) - Australia's QBE Insurance QBE.AX on Friday said it had entered reserve transactions with RiverStone International and Enstar ESGR.O in a bid to de-risk the firm's exposure to reserves totalling $1.6 billion. Reporting by Rishav Chatterjee in Benga
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QBE Insurance Posts HY Revenue From Ordinary Activities Of $10,436 Mln

BRIEF-QBE Insurance Posts HY Revenue From Ordinary Activities Of $10,436 Mln Aug 9 (Reuters) - QBE Insurance Group Ltd QBE.AX : HY REVENUE FROM ORDINARY ACTIVITIES $10,436 MILLION DECLARED INTERIM DIVIDEND OF 24 AU CENTS PER SHARE HY NET INVESTMENT INCOME $502 MILLION BALANCE AND HEALTH OF OUR UNDERWRITING PORTFOLIO CONTINUES TO IMPROVE, AND RATE ADEQUACY IS STRONG ACROSS MANY OF OUR FRANCHISES.
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Australian insurer QBE's first-half profit more than doubles

Australian insurer QBE's first-half profit more than doubles Aug 9 (Reuters) - Australia's QBE Insurance Group QBE.AX reported a more than twofold jump in its first-half profit on Friday, helped by higher gross written premiums and investment income. The insurer's net profit after tax attributable for the six months ended June was $802 million, compared with $400 million a year earlier.
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UK insurers rein in cover as rising flood threat causes headache for landlords

UK insurers rein in cover as rising flood threat causes headache for landlords By Carolyn Cohn LONDON, Aug 8 (Reuters) - Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say. London was among British cities hit by flash floods last week after torrential summer rain, while several southeastern U.S.
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Australia, New Zealand corporate earnings week ahead

DIARY-Australia, New Zealand corporate earnings week ahead Aug 2 (Reuters) - Diary of Australia and New Zealand (.AXJO, .NZ50) corporate earnings for the week ahead AUSTRALIA & NEW ZEALAND EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 06-Aug-2024 NTS VGL.NZ Vista Group International Ltd Half Year 2024 Vista Group International Ltd Earnings Release Start Date Start Time (GMT) RIC Company Name Event Name 06-Aug-2024 AMC ALTM.N Arcadium Lithium PLC Q2 2024 Arcadium Lithium PLC Ea
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Macquarie hikes PT for Australia's QBE Insurance

BUZZ-Macquarie hikes PT for Australia's QBE Insurance ** Shares of QBE Insurance QBE.AX fall 0.8% to A$16.925 ** Analysts at Macquarie increases price target to A$18.40 from A$18.00 for the insurer; maintains 'neutral' rating ** Brokerage sees FY24 gross written premium growth of 5% for co vs mid single-digit growth guidance by co ** Says short-ter
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Australia's QBE Insurance eyes worst week in 2 months on downbeat forecast

BUZZ-Australia's QBE Insurance eyes worst week in 2 months on downbeat forecast ** Shares of Australian insurance firm QBE Insurance Group QBE.AX have fallen 2.5% so far this week; set for worst weekly decline since April 15 ** Co forecast marginal increase of 3% in its 1H gross written premium, a key metric for insurers, on a constant currency bas
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Australia's Helia jumps after Macquarie upgrades to 'outperform'

BUZZ-Australia's Helia jumps after Macquarie upgrades to 'outperform' ** Shares of Helia Group HLI.AX rise as much as 16.8% to A$3.9, posting their biggest intraday percentage gain since Feb. 24, 2023 ** Analysts at Macquarie upgrade rating on lenders mortgage insurance (LMI) provider to "outperform" from "neutral" ** HLI fell 20.9% on Wednesday af
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Citi sees Australia's QBE Insurance's removal of N.American mid-market as positive

BUZZ-Citi sees Australia's QBE Insurance's removal of N.American mid-market as positive ** Analysts at Citi say markets concerned that QBE Insurance's QBE.AX results continue to be "dogged" by prior year development ** Brokerage retains "buy" rating on stock and target price of A$20.00/shr ** Citi says QBE's removal of mid-market business should en
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Australian shares end lower as inflation warnings cloud rate-cut bets

Australian shares end lower as inflation warnings cloud rate-cut bets Traders scale back rate-cut expectations Australian financials down 0.4% QBE Insurance falls to three-week low Updates to close By Prerna Bedi June 19 (Reuters) - Australian shares closed lower in subdued trade on Wednesday, pulled down by losses in heavyweight financials, as investors dialled back their expectations on rate cuts after the central bank emphasised the need to be vigilant on inflation.
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Australia's QBE Insurance hits 3-week low on downbeat earnings forecast

BUZZ-Australia's QBE Insurance hits 3-week low on downbeat earnings forecast Updates share moves, adds Citi comments ** Shares of QBE Insurance Group QBE.AX> fall as much as 2.9% to A$17.830, their lowest level since M ay 31 ** Stock on track for worst day since Feb. 16 , if losses hold ** The insurance co flags closure of struggling North America
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Australia's QBE Insurance falls to 2-week low on North America middle market closure

BUZZ-Australia's QBE Insurance falls to 2-week low on North America middle market closure ** Shares of QBE Insurance Group fall as much as 1.9% to A$18.030, their lowest level since June 5 ** Stock on track for worst day since April 16, if losses hold ** The insurance co flags closure of struggling North America middle-market ** Co expects cost of
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Australian shares struggle for direction as c.bank flags inflation woes

Australian shares struggle for direction as c.bank flags inflation woes June 19 (Reuters) - Australian shares traded nearly flat on Wednesday after gains in mining and gold stocks helped pare earlier losses, with investors assessing the central bank's hawkish stance on inflation as it held interest rates steady. The S&P/ASX 200 index .AXJO rose 0.03% to 7,780.80 by 00:07 GMT.
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QBE sees higher 1H premium; to shut North America middle-market segment

UPDATE 2-QBE sees higher 1H premium; to shut North America middle-market segment Adds share move in paragraph 2, analyst comment in paragraphs 6-7 By Roushni Nair June 19 (Reuters) - Australia's QBE Insurance Group QBE.AX on Wednesday forecast a 3% increase in first-half gross written premium on a constant currency basis and said it would close its struggling North America middle-market segment.
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QBE Insurance Sees 1H24 Gross Written Premium $13.1B

BRIEF-QBE Insurance Sees 1H24 Gross Written Premium $13.1B June 19 (Reuters) - QBE Insurance QBE.AX : SEES 1H24 GROSS WRITTEN PREMIUM IS EXPECTED TO BE $13.1B STRATEGIC REVIEW OF NORTH AMERICA MIDDLE-MARKET HAS DETERMINED IT WILL COMMENCE AN ORDERLY CLOSURE OF ITS NORTH AMERICA MIDDLE-MARKET SEGMENT QBE HAS DETERMINED IT WILL COMMENCE AN ORDERLY CL
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QBE Insurance sees higher 1H premium, to shut North America middle-market segment

QBE Insurance sees higher 1H premium, to shut North America middle-market segment June 19 (Reuters) - Australia's QBE Insurance Group QBE.AX on Wednesday forecast its first-half gross written premium to increase by 3% on a constant currency basis, and said it will commence an orderly closure of its North America middle-market segment. Reporting by
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