I don't see how is this good news. UK court did not decide yet if businesses can claim interruption loss.
It's evident that QBE profits are going to be impacted even if court decides that insurers are right.
Do you think clients will renew their insurance policies next year if they lost their argument in court with QBE?
My entry position in May was very good value, but I don't expect SP to go over 10 soon, or any dividends this year.
Link to the original article:
Reuters
https://www.reuters.com/article/us-health-coronavirus-boe-insurance/bank-of-england-tells-insurers-to-check-capital-to-cope-with-covid-idUSKBN23O343
I don't see how is this good news. UK court did not decide yet...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.96 |
Change
0.170(1.01%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $29.51M | 1.739M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 18936 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 7049 | 13 |
View Market Depth
| Last trade - 14.07pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |