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QBEInsurance

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Reuters - 1 week ago

Aussie prudential regulator intends to replace banks' hybrid capitals

UPDATE 4-Australia regulator seeks to make banks phase out issuing hybrid securities APRA intends to simplify use of hybrid bonds Move to simplify bank capital requirements, remove risk Transition to begin from January 2027 Rewrites throughout with further updates on details and background By Rishav Chatterjee Sept 10 (Reuters) - Australia's prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail inv
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Reuters - 1 week ago

Corn extends losses to third session; wheat drops to one-week low

GRAINS-Corn extends losses to third session; wheat drops to one-week low SINGAPORE, Sept 9 (Reuters) - Chicago corn lost more ground on Monday, while soybeans edged higher with market participants taking positions ahead of U.S. supply-demand reports due later this week. Wheat dropped to its weakest levels in one week amid ample Black Sea supplies, although lower output in Europe limited losses.
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Reuters - 2 weeks ago

Qbe Insurance Announces Priced Issue Of A$400 Mln Of Floating Rate Subordinated Notes Due 2035

BRIEF-Qbe Insurance Announces Priced Issue Of A$400 Mln Of Floating Rate Subordinated Notes Due 2035 Sept 4 (Reuters) - QBE Insurance Group Ltd QBE.AX : PRICED ISSUE OF AUD400 MILLION OF FLOATING RATE SUBORDINATED NOTES DUE 2035 PRICED ISSUE OF AUD350 MILLION OF FIXED TO FLOATING RATE SUBORDINATED NOTES DUE 2039 Further company coverage: QBE.AX
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Reuters - 2 weeks ago

QBE Insurance Says AUD Subordinated Notes Offer

BRIEF-QBE Insurance Says AUD Subordinated Notes Offer Sept 2 (Reuters) - QBE Insurance Group Ltd QBE.AX : AUD SUBORDINATED NOTES OFFER PROPOSED ISSUE OF AUD FLOATING RATE SUBORDINATED NOTES AND/OR AUD FIXED-TO-FLOATING RATE SUBORDINATED NOTES EXPECTS PROCEEDS TO FUND TIER 2 CAPITAL Source text for Eikon: ID:nASX33fHNw Further company coverage: QBE.
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Reuters - 4 weeks ago

Aussie insurer IAG says rise in claims, third-party costs to push up premiums

UPDATE 3-Aussie insurer IAG says rise in claims, third-party costs to push up premiums Rewrites with updates on share price, premium rises and outlook By Himanshi Akhand and Rishav Chatterjee Aug 21 (Reuters) - Insurance Australia Group IAG.AX said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower.
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Reuters - 1 month ago

Street View: Analysts trim PT on Australia's QBE Insurance after weak outlook

BUZZ-Street View: Analysts trim PT on Australia's QBE Insurance after weak outlook ** Australia's QBE Insurance QBE.AX last week lowered its FY24 gross written premiums growth (GWP) view to ~3% from mid-single digit ** QBE in mid-June announced closure of its North America middle-market segment, impacting its GWP growth ** Shares extend losses, dow
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Reuters - 1 month ago

Australia's QBE Insurance at 6-month lows on profit miss

BUZZ-Australia's QBE Insurance at 6-month lows on profit miss ** QBE QBE.AX falls ~5% to six-month-low of A$15.490 ** Insurer's H1 profit doubles, but misses estimates ** Trading vol of 5.2 mln is above 30-day avg of 3.5 mln ** Stock last down ~3%, taking week's losses to ~8.5% ** Stock set for worst week since late Feb/early March, 2022 ** Still s
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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 1 month ago

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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Reuters - 2 months ago

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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Reuters - 3 months ago

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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Reuters - 3 months ago

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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Reuters - 3 months ago

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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Reuters - 3 months ago

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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