QBE 0.39% $18.08 qbe insurance group limited

March 4 (Reuters) - QBE Insurance Group Ltd (QBE) : ANNOUNCES...

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    March 4 (Reuters) - QBE Insurance Group Ltd (QBE) :

    • ANNOUNCES SALE OF WESTWOOD AGENCY BUSINESS
    • DEAL FOR CONSIDERATION OF A$375M
    • TRANSACTION IS EXPECTED TO RESULT IN A MODEST POST-TAX ACCOUNTING GAIN ON SALE
    • TOO EARLY TO DETERMINE FINANCIAL IMPACT OF FLOODS FOR QBE
    • QBE'S FY22 CATASTROPHE ALLOWANCE IS A$962M
    • HAS LIMITED EXPOSURE TO UKRAINE AND ANY INSURED LOSSES ASSOCIATED WITH CONFLICT WOULD NOT HAVE A MATERIAL IMPACT TO GROUP
 
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