QBE on track
Big general insurer QBE has confirmed it is on track to reach its full-year targets but has curbed its interim dividend to shareholders, opting to take more profit as capital in the face of greater exposure to catastrophe risk in the second half.
In an interim results announcement released to the Australian Securities Exchange (ASX) today, QBE chief executive John Neal said the company remained on track to deliver what was anticipated to be “top quartile performance in the global non-life insurance market with a target 92 per cent combined operating ratio and an 11 per cent insurance profit margin in 2013”.
The company said it expected premium rates to increase by 4-5 per cent on average across the group through the remainder of 2013, most notably in Australia, New Zealand and North America.
Recommended for you
In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by special guest Shane Oliver, chief economist at AMP, to break down what’s happening with the Trump trade and the broader global economy, and what it means for Australia.
In this episode, hosts Maja Garaca Djurdjevic and Keith Ford take a look at what’s making news in the investment world, from President-elect Donald Trump’s cabinet nominations to Cbus fronting up to a Senate inquiry.
In this new episode of The Manager Mix, host Laura Dew speaks with Claire Smith, head of private assets sales at Schroders, to discuss semi-liquid global private equity.
In this episode of Relative Return, host Laura Dew speaks with Eric Braz, MFS portfolio manager on the global small and mid-cap fund, the MFS Global New Discovery Strategy, to discuss the power of small and mid-cap investing in today’s global markets.
