QBE qbe insurance group limited

News: QBE QBE Insurance Says Entered Reserve Transactions With RiverStone International And Enstar

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    Aug 9 (Reuters) - QBE Insurance Group Ltd (QBE) :

    • ENTERED INTO IMPORTANT RESERVE TRANSACTIONS WITH RIVERSTONE INTERNATIONAL AND ENSTAR
    • TRANSACTIONS THAT WILL DE-RISK  GROUP'S EXPOSURE TO RESERVES TOTALLING $1.6 BILLION
    • $1.6 BILLION RESERVE TRANSACTION TO INCUR UPFRONT COST OF AROUND $85 MILLION IN SECOND HALF OF 2024
    • RESERVE TRANSACTION TO RESULT IN APRA PCA BENEFIT OF AROUND 3PTS, OR $230M NET CAPITAL BENEFIT IN H2 2024

    (([email protected];))

 
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