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QBE Insurance Group Ltd (QBE.AX)

QBE.AX on Australia Stock Exchange

13.04AUD
26 May 2017
Change (% chg)

$0.04 (+0.31%)
Prev Close
$13.00
Open
$12.99
Day's High
$13.08
Day's Low
$12.87
Volume
3,599,784
Avg. Vol
5,166,537
52-wk High
$13.62
52-wk Low
$9.23

Latest Key Developments (Source: Significant Developments)

QBE Insurance Group sees 2017 gross written premium to be "relatively stable" in USD terms
Tuesday, 2 May 2017 07:04pm EDT 

May 3 (Reuters) - Qbe Insurance Group Ltd ::"Expect pricing in 2017 to be more stable, with near-term pricing outlook broadly flat in most territories other than Australia"."Outlook is a little brighter in relation to investment returns"."Expecting 2017 gross written premium to be "relatively stable" in US dollar terms".  Full Article

Qbe Insurance Group announces pricing on US$300 mln fixed rate senior notes due 2022
Thursday, 20 Apr 2017 06:57pm EDT 

April 21 (Reuters) - Qbe Insurance Group Ltd :Pricing on usd300m fixed rate senior notes due 2022.Notes will bear 3.00 % per annum interest.Notes issued for term of 5.5 years (maturing 21 october 2022).Priced an issue of usd300 million fixed rate senior notes due 2022, to be issued under its usd4 billion medium term note programme.Settlement and issue of notes at an issue price of usd200,000 each.  Full Article

QBE Insurance announces proposed issue of senior notes
Tuesday, 18 Apr 2017 05:45pm EDT 

April 19 (Reuters) - Qbe Insurance Group Ltd :announces proposed issue of senior notes, intended to be issued in accordance with qbe's green bond framework.mandated HSBC Bank , Crédit Agricole Corporate and Investment Bank, Lloyds Bank PLC and Morgan Stanley & Co in connection with a issue of notes.senior notes to be issued by qbe under its recently established u.s.$4 billion medium term note programme..  Full Article

QBE Insurance comments on effects of Ogden discount rate decision on co
Monday, 27 Feb 2017 04:51pm EST 

Qbe Insurance Group Ltd - : Ogden discount rate decision announced . On 27 Feb 2017, UK ministry of justice announced a reduction in statutory discount rate for use in determination of lump sum payments . Outcome was not allowed for in qbe's 2017 targeted combined operating ratio range of 93.5% - 95.0% as outlined in qbe's 2016 annual report . Lump sum payments in relation to UK personal injury claims (ogden tables) . As a consequence, industry- wide price increases are expected in affected classes .Adoption of revised rate to result in one-off increase in group's net central estimate of outstanding claims liabilities of $160mln.  Full Article

Qbe Insurance Group appoints David Mcmillan as group chief operations officer
Sunday, 26 Feb 2017 04:36pm EST 

Qbe Insurance Group Ltd : Appoints David Mcmillan as group chief operations officer . Appoints Victor Walter as deputy group CFO Source (http://bit.ly/2lZmPHm) Further company coverage: [QBE.AX] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

QBE Insurance group Fy net profit $844 mln vs $687 mln
Sunday, 26 Feb 2017 04:29pm EST 

Qbe Insurance Group Ltd - : Fy revenue $17,267 million versus $16,574 million . Fy net profit $844 million versus $687 million a year ago . Final dividend 33 australian cents per share . "Market backdrop will remain challenging in 2017" . Sees fy17 investment return 2.5 percent to 3 percent .Sees combined operating ratio to be in the range of 93.5 percent to 95 percent for fy 2017.  Full Article

Allianz CEO says no trade-off between buyback & M&A
Friday, 17 Feb 2017 05:26am EST 

Allianz Se : CEO says can reach 2018 goals organically . CEO says no trade-off between share buyback and external growth, can do both . CEO says property-casualty and asset management remain where we would like to acquire . CFO says sees potential to outperform in P&C in 2017, at good level already in health & life . CEO says wants to systematically exit traditional life insurance . CEO says U.S. outlook principally positive . CEO says on reported QBE approach: was not correctly reported in papers Further company coverage: [ALVG.DE] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

QBE Insurance sees FY 2016 net earned premium US$11.5 bln to US$11.9 bln
Tuesday, 16 Aug 2016 06:01pm EDT 

QBE Insurance Group Ltd : Market release on 2016 half year results . On track to achieve our FY 2016 targeted $150 million reduction in operating expenses" . Sees FY 2016 net earned premium US$11.5BN -to US$11.9BN . Final dividend of 21 Australian cents per share . We expect FY 2016 premium rate reductions will be broadly in line with 2015 experience" . Expect full year expenses to be in line with business plan" . Anticipate that global pricing will remain under pressure in 2016" . Started 2016 expecting premium rates to fall marginally" . All figures in us$ .  Full Article

QBE Insurance says HY net profit declined 46%
Tuesday, 16 Aug 2016 06:00pm EDT 

QBE Insurance Group Ltd : HY revenue from ordinary activities down 1% US$7.89 billion . HY net profit for the period attributable to ordinary equity holders of the company down 46% to US$265 million . "The long-term outlook for emerging markets remains positive" . Headline gross written premium decreased 5% during the half year to $8.12 billion . "Expect recent market volatility to continue" . All figures in US$ .  Full Article

QBE Insurance does not anticipate any material impact on day to day insurance ops on Brexit
Sunday, 26 Jun 2016 07:13pm EDT 

QBE Insurance Group Ltd : Notes United Kingdom (UK) referendum regarding ongoing membership of European union (EU) seen majority of votes cast in favour of leaving EU . Should EU passporting rules not be preserved, QBE will be required to renew this business into newly established licensed EU entities . QBE does not anticipate any material impact on day to day insurance operations as result of UK's decision to leave the EU . Referendum outcome may require revised approach in relation to about GBP500 million of insurance and reinsurance co currently sources from EU countries . Ability to source business from EU member countries remains unchanged .  Full Article

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