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QBE
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Sainsbury's Has Been Named QBE FTSE 100 Business of The Year
Nov 18, 2013Sainsbury’s has been named QBE FTSE 100 Business of the Year at the 2013 National Business Awards in a ceremony and gala dinner hosted by Sky’s Dermot Murnaghan. The event recognises at Britain’s top performing FTSE ...
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Zurich Insurance to Take Over Wesfarmers' A$2bn Insurance Business
Nov 4, 2013Zurich Insurance, a Switzerland-based multi-line insurance provider, is in advanced stages of negotiations to take over Australian firm Wesfarmers' A$2bn insurance business. The Swiss firm has commenced due diligence on the Aussie's ...
Tags: Zurich Insurance, Insurance
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The QBE North America Claims Organization Partners with Sedgwick Claims Management Service
Oct 30, 2013The QBE North America Claims organization has partnered with Sedgwick Claims Management Services, Inc. (Sedgwick), to be the third party administrator associated with QBE's new claims administration model. Chief Claims Officer for QBE ...
Tags: Service
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Elders Limited Agreed Terms with Its Existing Financiers to Renew and Extend Facilities
Sep 11, 2013Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
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Charles Taylor Purchased Knowledgecenter, a Provider of Business Solutions
Sep 10, 2013Charles Taylor, a UK-based insurance service provider, has purchased KnowledgeCenter, a provider of business solutions to insurance industry, for an undisclosed amount. Formed in 2001, KnowledgeCenter provides business solutions to major ...
Tags: Charles Taylor, insurance
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QBE Insurance Posted a Net Profit of $477m for The First Half of 2013, a Decline of 37%
Aug 22, 2013Australian general insurer QBE Insurance Group has posted a net profit of $477m for the first half of 2013, a decline of 37% compared to $760m for the same period last year. Underwriting profit grew by 2% to $530m for the first half of ...
Tags: Insurance, general insurer
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Australian Share Market Fell as Japan's Share Market Succumbed to Profit Taking
Jul 19, 2013The Australian share market fell today as Japan's share market succumbed to profit taking, reports from Orica and Santos disappointed the market, and some traders predicted a sharp fall in the US share market. Investors were sidelined ...
Tags: Japan Fall, US Worries
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QBE Australia Is to Divest Its NCIB Business and Professional Indemnity
Jul 5, 2013Sydney-based underwriter QBE Australia is to divest its National Credit Insurance Brokers (NCIB) business and professional indemnity authorized representative Invivo by the end of 2013. Following completion of listing process, the ...
Tags: Insurance Brokerage, QBE
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China Credit Crunch Fears Sent The Stockmarket Tumbling Almost 1.5 Per Cent Lower
Jun 24, 2013China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
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The Company's Earlier Insurance Product Offered a Liability Limit of $25m
Jun 18, 2013QBE Insurance (Malaysia) and British Marine have launched an improved marine insurance product to offer a liability limit of up to $500m. With the enhanced product, the company estimates to write an excess of RM5m in gross written ...
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Sharemarket Pared Losses After Falling to a Four-Month Low
Jun 4, 2013The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
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S&P/ASX200 Has Turned Down 0.1 Per Cent to 4966.6
May 30, 2013THE S&P/ASX200 has turned down 0.1 per cent to 4966.6, paring a 0.4 per cent rise that followed overseas gains on stronger US economic data. The reversal comes as investors react to higher US bond yields, a falling Australian dollar, and ...
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S&P/ASX200 Has Closed Down 2 Per Cent at 5062.4
May 28, 2013The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
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Sharemarket Suffered Its Sharpest One-Day Fall for Two Month
May 28, 2013The sharemarket suffered its sharpest one-day fall for two months yesterday after the US Federal Reserve said it could reduce its economic stimulus measures and China's manufacturing showed signs of contraction. "In the next few meetings ...
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Sharemarket Rebounded as The Dollar Tumbled Again and Government Bond Yields Also Fell
May 20, 2013The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
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