QBE 0.39% $18.08 qbe insurance group limited

News: QBE QBE says premiums jump on crop insurance, warns of hit from Ukraine war

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    May 5 (Reuters) - Australia's QBE Insurance Group (QBE) on Thursday said its first-quarter written premiums grew 22% in constant currency terms, as volatility because of the Russia-Ukraine war led to more demand to insure grains and other crops.

    The company said quarterly gross written premiums rose to $6.9 billion, and forecast a net impact of around $75 million from its exposure to the broader Russia-Ukraine conflict.

    ($1 = 1.3793 Australian dollars)

 
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