Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 221 - 230 of 231 results for "QBE"

S&P says places Mercantile Mutual on watch negative

... (Australia) on CreditWatch with negative implications (previously negative outlook). This followed the announcement today of QBE Insurance Groups agreement to purchase ING's 50% share in the QBE Mercantile Mutual joint venture in Australia as well as ...

QBE buys out ING stake in QBE Mercantile Mutual JV for $740 mln

Australia's QBE Insurance Group said today that it had agreed to purchase ING's 50% stake in the QBE Mercantile Mutual joint venture. The initial purchase price for the general insurance underwriting assets is $740 million with an additional $25 million ...

QBE could be close to acquisitions

AAP  |  MONDAY, 5 APR 2004
Global insurer QBE Insurance Group could be on the verge of a significant acquisition, saying on Friday its earnings were tracking ahead of expectation in 2004. QBE upgraded its insurance profit target to the high end of between 10% and 11% after a ...

Midday market wrap: Local shares climb after gains overnight in US

WITH AAP  |  THURSDAY, 20 NOV 2003
... trend, shedding 30 cents or nearly two per cent to $15.70. Among other financial stocks, AMP lost eight cents to $5.97 while QBE was up two cents at $10.25, IAG gained two cents to $4.31 and Promina lifted four cents to $3.31. "Resources are also a little ...

Afternoon market wrap: Shares, bonds close down

... early takeover bid from National Australia Bank Ltd faded. Among other financial services, Promina closed steady at $3.35 and QBE gained 27 cents to $10.62. In the media sector, News Corp fell three cents to $13.09 while its preferred shares dropped ...

Afternoon market wrap: Australian shares close at new highs

... competition watchdog rejected reports that it had held talks with National Australia Bank about a takeover of AMP's local assets. QBE ended flat at $10.34 after chief executive Frank O'Halloran said the insurer was on track to lift its 2003 net profit ...

Low rainfall sparks hopes of high insurance earnings

AAP  |  THURSDAY, 9 OCT 2003
... year. Analysts at UBS have upgraded their earnings estimates for Promina Group Ltd, Insurance Australia Group Ltd (IAG) and QBE Insurance Group Ltd, saying that the low rainfall has kept a lid on motor vehicle accident claims. They have also flagged ...

QBE chief announces acquisitions growth strategy

WITH AAP  |  TUESDAY, 19 AUG 2003
Global insurer QBE Insurance Group Ltd is looking at a range of acquisition opportunities to spur on its earnings growth, chief executive Frank O'Halloran said today. Mr O'Halloran said acquisitions were a key part of QBE's growth strategy, adding that ...

AiG & QBE expected to unveil healthy profit results

Two of Australia's biggest insurers, Insurance Australia Group Ltd (IAG) and QBE Insurance Group Ltd, are expected to unveil healthy profit results this week thanks to a continued hardening in premium prices. Analysts expect QBE on Tuesday to lift its ...

QBE issues A$376 million of subordinated notes in the US

The QBE Insurance Group today announced the successful issue of $376 million worth of subordinated notes in the US market. QBE said the notes were strongly supported by US investors. The notes raised were on the following terms - 20-year final maturity ...