QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has decided to withdraw …
QBE has appointed Stephen Postlewhite as managing director, QBE Re. He will start the new role from April 1, taking over from Jonathan Parry, who will retire in 2021. With more than 20 years’ experience in the industry, Postlewhite joined …
QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …
Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 billion), according to Moody’s Analytics, in a …
Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would phase out its exposure to thermal coal or power plants by 2030. The company announced a new environmental and social …
QBE Insurance Group took another step in its quest to achieve strong results, consistently, by reporting a cash profit after tax of US$715 million during 2018, a significant improvement on the cash loss of US$262 million reported in 2017. Group …
QBE Insurance has spent the last few years restructuring its business while at the same time weaving the fabric of a global organization with a strong, cohesive culture. A good corporate culture helps to create good financial results. Consequently, the …
QBE’s restructuring over the last year has focused on exiting loss-making businesses and portfolios, while rigorously emphasizing profitable underwriting across the group. Good progress has been made — as demonstrated in the financials, along with strong premium rate increases, top …
QBE Insurance Group Ltd. has agreed to pay A$132.5 million (US$103.2 million) to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the Federal Court of …
Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case Britain does not have …
