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The Latest Breaking News from QBE

Insurer's shares soar to four-month high on profit rise

QBE shares have rocketed after reporting a net profit increase of 21 per cent on higher premiums and fewer disaster payouts.

AAP

Former Lloyd’s Boss Lost His New AIG Job Over an Office Romance Investigation

A Top Insurance Boss Lost a Massive New Job Offer After Another Office Romance Surfaced

The Fashion Central

Australian shares wobble as banks weigh on strong week

A five-day rally for miners could not lift the local bourse beyond its record high this week as Australia's pricey banking stocks ran out of buyers.

AAP

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Ethical super fund says QBE ‘not joining the dots’ between fossil fuel projects and rising premiums

Australian Ethical, which holds $56m worth of QBE shares, calls on insurer to overhaul its policies which allow it to underwrite oil and gas projects without restriction before AGM

The Guardian - AU

Peter Dutton says he has the answer to rising insurance premiums. So how would divestiture work?

Coalition leader says Australians are being ‘ripped off’ and the Greens agree the industry needs a shake-up

The Guardian - AU

Regulator sues QBE over broken discounting promise

The Australian Securities and Investments Commission has launched civil proceedings against QBE over its discounting claims from 2017 to 2022.

AAP

Australian shares bounce back, rising 1.3 per cent

The ASX has rallied on a better-than-expected drop in US jobless claims but has finished the week down 2.1 per cent after Monday's big sell-off.

AAP

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QBE doubles half-year net profit to $US802 million

Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.

AAP

IAG announces $200m share buyback, raises dividend

Insurance Group Australia says its profit from insurance was up 75 per cent to $614 million in the six months to December 31.

AAP

Insurer forced to pay thousands of pounds to small firms hit by Covid payout delays

Compensation from QBE said to be key step towards many more businesses getting payments

The Guardian - UK

Warning to protect homes and cars as hail season nears

Changing atmospheric patterns are making hailstorms increasingly prevalent over Australia's major cities, increasing the threat to homes and vehicles.

AAP

‘Beyond disappointing’: Millions of Australians have been overcharged $815 million for insurance

Millions of Australians have been overcharged for insurance and are due more than $800 million in repayments.

The New Daily

Small firms could be entitled to thousands from insurers after Covid payment ruling

In test case, UK financial ombudsman rules dental practice should be paid interest over delayed claim

The Guardian - UK

Charley Hoffman, Ryan Palmer ride pre-tournament motivation to lead among takeaways from first round of 2022 QBE Shootout

Charley Hoffman and Ryan Palmer know they were picked last before the week.

USA Today Sports Media Group

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Did Greg Norman recruit for LIV Golf as QBE Shootout host? 18 LIV players who are former ‘Shark Shootout’ participants suggests he may have

What if we told you that 18 LIV players who cashed in from the Saudi's largesse had competed in the QBE Shootout?

USA Today Sports Media Group

Lexi Thompson pumped to hit bombs at QBE Shootout with new partner Maverick McNealy

Ten of the 12 teams at Tiburon Golf Course this week will be together for the first time.

USA Today Sports Media Group

Tiburon Golf Club to host second of three professional golf events in four-month stretch with 2022 QBE Shootout

Tiburon Golf Club is in the midst of a busy four-month stretch.

AAP

QBE warns of $100m catastrophe blowout

QBE expects to exceed its catastrophe allowance by around $100 million this year as the war in Ukraine and extreme weather events cause elevated claims.

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USA Today Sports Media Group

QBE Shootout field features 2 LPGA players, 10 of the world’s top 50, 11 newcomers and no Greg Norman

The 2022 field features two LPGA players for the first time. Lexi Thompson makes her sixth start, Nelly Korda debuts.

AAP

Extended contracts for NSW icare providers

Four insurers part of the NSW government's workplace compensation scheme have had contracts extended while two others have been added following a review.

USA Today Sports Media Group

LIV Golf CEO Greg Norman asked ‘not to attend’ PGA Tour event he founded in Florida three decades ago

While the golf legend did not specify who requested he skip the event, he said it was because of his involvement with LIV Golf.

AAP

QBE back to FY profitability boosts div

QBE has reported a net profit of $US750 million for calendar 2021, compared with a $US1.5 billion loss in the previous year.

ABC News

QBE dives on company results, as ASX follows Wall Street down

Company reporting season continued on Friday, with QBE, Magellan and Ingham's Chicken among those posting results.

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