QBE Share Price History
17 Jan, 2021
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17 Dec, 2020
QBE Insurance Group said on Friday it was expecting an annual net cash loss of $780 million due to higher catastrophe-related costs from harsh U.S. wildfire and hurricane seasons as well as additional COVID-19 claims. The Australian insurer, which posted an adjusted cash profit of $733 million last year, said catastrophe costs were expected to vastly exceed its allowance by 24% to $680 million. QBE is also expecting a $1.5 billion statutory loss, mainly due to the write-down of assets in North America and deferred tax.
19 Oct, 2020
QBE Insurance (Australia) Limited -- Moody's announces completion of a periodic review of ratings of QBE Insurance Group Limited
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of QBE Insurance Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
17 Oct, 2020
Progress 2020-1 Trust -- Moody's assigns provisional rating to AMP Bank's first RMBS transaction for 2020
Moody's Investors Service ("Moody's") has assigned the following provisional long-term rating to the notes to be issued by Perpetual Trustee Company Limited (the Trustee) as trustee of the Progress 2020-1 Trust. The notes were not issued at the time, and we subsequently withdrew the rating on 6 July 2020.
30 Sep, 2020
Progress 2020-1 Trust -- Moody's assigns definitive rating to AMP Bank's first RMBS transaction for 2020
Moody's Investors Service ("Moody's") has assigned the following definitive long-term rating to the notes issued by Perpetual Trustee Company Limited (the Trustee) as trustee of the Progress 2020-1 Trust. - The portfolio is well seasoned, with weighted-average seasoning of 32.3 months.
24 Sep, 2020
Lloyd's of London Chief Executive John Neal said on Thursday he expected a British test case about business interruption insurance to be appealed. London judges ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain's Financial Conduct Authority (FCA) said last week. The FCA, which brought the case against eight insurers, said the court had found in favour of policyholders' arguments on the majority of key issues.
16 Sep, 2020
Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close. Pulman was counting himself as one of the lucky ones on Tuesday, however, after a judgment in a London test case against eight insurance firms, including his insurer QBE, held up the promise of a payout on his business interruption policy. QBE did not immediately respond to a request for comment.
15 Sep, 2020
Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close. Pulman was counting himself as one of the lucky ones on Tuesday, however, after a judgment in a London test case against eight insurance firms, including his insurer QBE, held up the promise of a payout on his business interruption policy. "This has had me close to the edge," Pulman told Reuters by telephone from Dorchester, southwest England, where the cafe reopened on July 4 after its closure in late March.
10 Sep, 2020
Australian financial advisory firm AMP Ltd said on Thursday it had appointed inclusion and diversity consultancy Symmetra to undertake a workplace conduct review after the company was hit by a corporate scandal. Symmetra's review will objectively assess conduct at the workplace, and make recommendations on policies, leadership, governance and behaviours, AMP said in a statement.
03 Aug, 2020
Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain's markets watchdog. The Financial Conduct Authority (FCA) has taken eight insurers to court over business interruption policy wordings, which the insurers say do not cover the pandemic, with a ruling expected in mid-September. "We may intervene and take further actions where firms do not appear to be meeting our expectations and treating their customers fairly," the FCA said in a statement.
21 Jul, 2020
Would Shareholders Who Purchased QBE Insurance Group's(ASX:QBE) Stock Five Years Be Happy With The Share price Today?
While it may not be enough for some shareholders, we think it is good to see the QBE Insurance Group Limited (ASX:QBE...
25 Jun, 2020
Britain's financial services compensation body is "keeping an eye" on insurers facing claims from companies whose business has been interrupted by the COVID-19 pandemic, its chief executive told Reuters. The FCA's Financial Services Compensation Scheme (FSCS) is braced for a rise in claims as some financial firms are expected to go under in the pandemic.