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.
Insurance company QBE Insurance Group Ltd (ASX: QBE) released its full year financial report to investors today, showing a $1.25 billion loss.
Suncorp Group Ltd (ASX:SUN) shares slipped 3% today following the release of its half year report to the ASX.
Australia’s ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) closed higher on Wednesday as QBE Insurance Group Ltd (ASX:QBE) shares push back.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened positively in the green by 0.28%.
Australia’s ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index closed higher on Tuesday, lifted by ResMed Inc. (CHESS) (ASX:RMD) shares.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened positively in the green by 0.63%.
Shares of QBE Insurance Group Ltd (ASX:QBE) slumped 5% on Tuesday following a trading update and profit downgrade.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in positive territory on Tuesday, as the Australian Dollar (A$) (AUDUSD) sits over 80 cents.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Wednesday.
