QBE Insurance Group Ltd (ASX: QBE) is Australia’s largest global insurer, it operates in 31 countries and is one of the top 20 global insurance and reinsurance companies. QBE has been operating since 1886 and got its name when the North Queensland Insurance Company and Bankers’ and Traders’ Insurance Company (both set up by James Burns and Robert Philp) merged with The Equitable Probate and General Insurance Company.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.64% on Friday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.53% at lunch.
QBE Insurance Group Ltd (ASX:QBE) shareholders will be hoping a new round of cost-cutting can resurrect its share price.
Here are the stories from the S&P/ASX 200 (INDEXASX: XJO)(^AXJO) and Australian finance circles today.
Medibank Private Ltd (ASX:MPL) recently reported a turnaround in its market share and posted a 7.7% rise in its full-year operating profit.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.33% at lunch on worries surrounding the fallout between the US and Turkey.
QBE Insurance Group Ltd (ASX:QBE) reported a 6% fall in half-year revenue to $US7.34 billion with a profit of $US370 million.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Thursday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.64% at lunch.
