ASX Announcements
Change of Director's Interest Notice
Change of Director’s Interest Notice
Application for quotation of securities - QBE
Appendix 2A (Application for Quotation of Securities)
Initial Director's Interest Notice
Initial Director’s Interest Notice
Changes to QBE Non-Executive Directors
Director Appointment/Resignation
February
Insurers call for $30b flood defence fund to protect properties
After Peter Dutton said he wanted to break up insurers, the industry wants to partner with governments to strengthen infrastructure and relocate the most vulnerable buildings.
QBE boss hits back: high insurance premiums are due to risk
Andrew Horton has issued the first response from an insurance industry boss since the opposition leader threatened to break up companies.
IAG says LA wildfires were a wake-up call on disaster preparation
The insurance giant, which owns the NRMA and CGU brands, reports a 91 per cent jump in interim profit, but its shares fell as premium rises moderated.
January
Californian fires to push premiums higher, worsening poor policy cover
The rising cost of insurance policies has already meant a third of about $60 billion in natural disaster damage over the past decade was left uninsured.
LA fires stoke insurer unease as claims bill mounts
Barrenjoey’s Andrew Adams says the wildfires highlight the growing unpredictability of weather patterns and the increasing severity of events.
December 2024
ASIC slams insurers for gaping holes in complaints systems
“We are extremely disappointed with what we found here,” ASIC commissioner Alan Kirkland said, putting IAG, QBE and Suncorp on notice.
November 2024
Business says Trump’s return turns up competition for investment
Executives from Telstra, QBE, Challenger and Mirvac have warned that the US and even Britain risk pulling away from Australia by cutting red tape.
This is why Australia is stuck in a rut
Low investment and productivity growth has left the country’s economy in the doldrums. The short-term challenges are large, but we can’t forget the long term.
October 2024
Republicans rush to vote early; Big super floods ASX; Bonds go weird
Read everything that’s happened in the news so far today.
ASIC sues QBE for misleading half a million customers on price
ASIC’s action against QBE on Wednesday follows similar cases against NRMA and RACQ, who paid big fines last year.
How insurers failed when flooded customers needed them the most
A parliamentary report has made 86 recommendations to improve claims handling, calling for government intervention to stop new developments on flood plains.
September 2024
Beware Donald Trump’s threat to insurers, including in Australia
Australia’s insurers are red-hot with investors. They are finally delivering. But keep an eye on Canberra, as Donald Trump reminded us overnight.
August 2024
Is this the end of the line for diversity policies?
One of the most important management trends of the past decade may no longer be equal to the occasion.
QBE punished as price rises peak
UBS analyst Scott Russell says there is a “clear slowdown” in QBE’s pricing power.
July 2024
Why the local CEO of this $26b company likes her commute
When QBE Australia chief Sue Houghton rises at 6am, the self-described introvert relishes a walk on her own.
June 2024
Global ambitions a dangerous trap for overzealous local giants
“An organic approach to world domination is a better way to do it,” says Allan Gray’s Simon Mawhinney. A string of failures shows he’s on the money.
QBE nears end of the road on reset as it ditches US middle-market
The ASX-listed insurance giant is hoping to shake off the last vestiges of a decade-long but ill-fated grab at the North American market with the wind down.
May 2024
Will QBE stick to its organic growth strategy with London calling?
Should QBE’s search for growth spur it towards Beazley, it would need a premium of circa 35 per cent, spelling a $10 billion deal size.
QBE pumps up Australian premiums, but squeeze slows
QBE revealed growth in all commercial markets at its AGM, including in Australia, where premiums increased by 11 per cent.
April 2024
Insurers told to slash prices for households that reduce risks
Steps could include roof replacement, upgrading garage doors, boosting window protection, tying down sheds, and replacing flimsy hollow doors.