QBE Insurance Group
QBE comes under fire for price promise to undercut SME rivals by at least 5%
QBE has come under fire from a number of quarters following a guarantee to "beat any price" from major insurers on selected quotes before the end of March.
Premium rates softened 3.4% in Asia-Pacific last year, says QBE
Australian insurance giant QBE saw rates softening on average 3.4% in Asia-Pacific (excluding Australia and New Zealand) in 2015 as competition intensified across the region.
QBE drawing up ‘Brexit’ contingency plans
QBE Insurance Group is currently drawing up contingency plans in the event of a ‘no’ vote in the forthcoming UK referendum on continued membership of the European Union.
Continuing soft rating environment reflected in London market results
Full-year results released by London market players to date are reflective of the continuing soft rating environment and companies' reserve releasing strategies, according to analysts. In addition, questions have been raised over whether inflated company…
QBE improves COR but sees 7% drop in GWP
QBE Insurance Group announced an improved combined operating ratio of 94% (2014: 96.1%) in its full-year results report today (23 February) against a 7% drop in gross written premiums to $14bn (£9.9bn) (2014: $15.9bn).
Asia Interview: Mark Walker, CEO - Hong Kong, QBE
Andrew Tjaardstra talks to Mark Walker six months into his role as QBE Hong Kong CEO at the Australian headquartered insurer's Quarry Bay office.
Steadfast's profit climbs 81% in first half
Australian broker network and underwriting agency Steadfast saw after tax profits climb 81% in the first half of fiscal year 2016 to A$37.9m (£19.4m).
SME flood scheme to prove 'challenging' to implement despite government talks
Efforts to establish an affordable flood insurance solution for small businesses are ongoing at industry and government level, despite concerns that creating a Flood Re type scheme for SMEs will be “fundamentally challenging”.
C-Suite - Insurer: Supporting flooded businesses
Is a commercial version of the domestic Flood Re needed to provide a long-term solution for SMEs?
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 31 - Richard Pryce, CEO, QBE Europe
2015 was a steady year for QBE.
Blatt, Chung and Lee to leave QBE in Hong Kong
Three senior managers in Hong Kong are set to leave Australian insurer QBE this week.
Pro Sight MD Mageean reunites with McManus at PIB
PIB Insurance Brokers has recruited Pro Sight managing director Bernard Mageean as MD for underwriting and placement.
Cyber: A cyber game changer
The European General Data Protection Regulation is approved and poised to bring new responsibilities that insurers must prepare for.
Howe given QBE emerging markets risk role after Kuk departs
QBE has made several changes to its emerging markets executive team following the departure of chief risk officer Victor Kuk for Swiss Re.
Europe: Ukrainian insurance market ready for structural reforms
The past year has been full of contradictions for the Ukrainian insurance market. On one hand, on-and-off military conflict in the eastern regions contributed to depreciation of the hryvnia against the dollar, deepening the economic crisis that had been…
QBE's Cloney promoted to director general in Vietnam
Anthony Cloney, a QBE veteran, has been promoted to director general in Vietnam.
D&O and Cyber: C-suite cyber risks take off
US legal influences continue to impact on the UK directors’ and officers’ market – and that now includes the growing cyber threat
QBE succeeds in £500,000 contempt of court action
QBE has won a £500,000 contempt of court action against a customer, who was sentenced to an immediate three month custodial sentence on 15 December.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Asia: Trade credit's double digit growth prospects
Trade credit insurance in Asia looks set to enjoy double-digit growth in the years ahead, but the market is not without challenges writes Nicky Burridge.
PRA approves 19 SII internal models
The Prudential Regulation Authority has approved the use of a full or partial internal model under the Solvency II Directive for 19 insurers for use from 1 January 2016.
Market Moves - 3 December 2015
All the movers and shakers in the market
The State of the Insurer Nation: Week Five: Brokers, professionalism and governance
In the final part of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how our insurance CEOs view relationships with brokers, professionalism in the sector and the importance of diversity for…