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21 stories mentioning ASX:QBEUpdated 8d ago

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Asia

Australia's Federal Court Dismisses Dynamic Insurance Services' Representation Application in Competition Case Against Steadfast Group, QBE Insurance

Australia's Federal Court dismissed an application that sought approval for Dynamic Insurance Services Managing Director Cynthia Yap to represent the company in place of a lawyer in a case it filed against Steadfast Group (ASX:SDF), QBE Insurance (ASX:QBE), and Allianz Australia Insurance, according to a Wednesday judgement.Dynamic Insurance has alleged that Steadfast, QBE, and Allianz misused their market power and engaged in anti-competitive practices."As a non-lawyer, it is inevitable that Ms Yap will encounter difficulties pleading and articulating sustainable causes of action that, irrespective of the underlying merits of the claims, is likely to lead to delay, increased cost and inefficiency in the conduct of the proceeding," the court said.It also pointed to "a significant risk" that Yap will not be able to maintain objectivity to conduct the proceedings on behalf of Dynamic Insurance.QBE Insurance shares fell 3% in recent Wednesday trade, while Steadfast was marginally lower.

ASX:QBEASX:SDF
Asia

QBE Insurance Group to Redeem AU$500 Million Subordinated Notes

QBE Insurance Group (ASX:QBE) said that it will fully redeem its AU$500 million floating rate subordinated notes due 2036 on Aug. 25, according to a Monday Australian bourse filing.Noteholders will receive repayment of the principal amount together with any accrued and unpaid interest, per the filing.The company said that the redemption has been approved by the Australian Prudential Regulation Authority, while emphasizing that the move does not indicate plans to redeem its other outstanding regulatory capital instruments, the filing added.

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Asia

Outlook for Australian General Insurers to Remain Driven by Moderating Premium Growth, Jefferies Says

The outlook for the Australian general insurers will remain driven by moderating premium growth, while share prices will likely reflect the sector's defensive characteristics, Jefferies said in a Wednesday note.Premium growth moderated in fiscal 2026 due to increased competition, affordability issues, and lower reinsurance costs. Commercial lines remain in a rate-reduction phase due to increased capacity, while domestic personal lines should remain positive due to persistent weather-related vulnerability.The sector's shares have performed well, with QBE Insurance Group (ASX:QBE) up 28% year-to-date, followed by Suncorp Group (ASX:SUN) at 6.5%, and Insurance Australia Group (ASX:IAG) 2.8%. Jefferies attributed the performance to the sector's defensive characteristics and earnings resilience.The investment firm retained the buy rating on Insurance Australia Group and raised the price target to AU$9.45 from AU$8.75. It downgraded QBE Insurance to hold from buy and raised the price target to AU$27.50 from AU$26.25. It retained the hold rating on Suncorp and raised the price target to AU$19.75 from AU$18.40.

ASX:IAGASX:QBEASX:SUN
Asia

QBE Insurance Launches Risk Management Self-Assessments for Businesses

QBE Insurance Group (ASX:QBE) launched interactive risk management self-assessments for businesses, designed to help them identify potential risks and understand their most significant exposures, according to a Thursday statement.The initial focus includes property, liability, motor fleet, as well as environmental, social, and governance.The assessment includes a series of questions relevant to businesses' operations and provides a detailed report with recommendations, risk mitigation tips, and supporting resources.

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Asia

QBE Insurance Group Takes Sole Ownership of India-Based Raheja QBE General Insurance

QBE Insurance Group (ASX:QBE) has acquired full control of Indian carrier Raheja QBE General Insurance following 18 years of joint ownership with Prism Johnson, the company said Thursday.Sole ownership of the Indian entity will allow QBE to explore new opportunities for product and operational innovation, the company said.As part of the deal, Raheja QBE is being renamed as just QBE.Shares of QBE Insurance gained 1% in recent Thursday trade.

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Asia

Inflation, Natural Disasters, Taxes Drive Cost of Australian Home Insurance, Jefferies Says

Inflation, natural disasters, and government taxes are driving up the cost of home insurance in Australia, resulting in insurers being accused of gouging, Jefferies said in a Wednesday note.Roughly 1.6 million households experience home insurance affordability stress, up 50% in just two years, spending 9.6 weeks of gross income to pay for home insurance, which is seven times higher than the non-stressed average.Government taxation is the second-largest component of Australian home insurance premiums, ranking just below natural disaster risk, with state and territory governments collecting about AU$8.90 billion in insurance taxes during fiscal year 2024-2025. The amount represents AU$1.6 billion more than the entire home insurance industry made in net profit after taxes in the same year, Jefferies said.With premium spikes in high-flood zones exceeding AU$7,000 to AU$30,000 a year, 70% of high-risk households with below-median incomes are impacted, resulting in 80% of high-risk properties completely uninsured for flood compared with a 60% insurance rate nationwide.Jefferies reaffirmed its buy rating and AU$8.75 price target on Insurance Australia Group (ASX:IAG), and also maintained its buy rating AU$26.25 price target on QBE Insurance Group (ASX:QBE).The firm has a hold rating on Suncorp Group (ASX:SUN) and an AU$18.40 price target.QBE Insurance Group shares rose 1% in morning trade on Thursday.

ASX:IAGASX:QBEASX:SUN
Asia

Banks, Insurers Expected to Build Resilience Against Geopolitical Risk, APRA Chair Says

The Australian Prudential Regulation Authority (APRA) plans to write to banks, insurers, and superannuation trustees in order to ensure these entities better integrate geopolitical risk into governance, risk management, and crisis preparedness practices, according to a speech on Wednesday by the regulator's chair, John Lonsdale.The letter will set out the regulator's minimum expectations for how boards and senior management strengthen readiness for geopolitical shocks. Entities are expected to manage geopolitical risk through APRA's existing prudential framework, including prudential standards on governance, risk management, operational risk, resolution and recovery, and exit planning.The regulator also plans to write to a "selected group of larger entities with heightened exposure to geopolitical shocks," asking them to undertake targeted readiness assessments.It identified six key focus areas for entities to uplift their monitoring and response capabilities regarding geopolitical risk. APRA said it wants to see evidence of scenario analysis, capital and liquidity planning, as well as to see operational resilience embedded in risk management practices to support continuity of critical operations across a range of geopolitical scenarios.The regulator also highlighted the risk of insider threats and foreign interference, as well as political risks, including the need for financial institutions to rapidly implement sanctions.

ASX:ANZASX:CBAASX:IAGASX:NABASX:QBEASX:WBCNZE:ANZNZE:WBC
Asia

QBE Insurance Group to Issue 500 Million Euros of Subordinated Notes

QBE Insurance Group (ASX:QBE) is set to issue 500 million euros of subordinated notes on Wednesday under its $5.5 billion debt issuance program, according to a same-day filing with the Australian bourse.The notes are intended to qualify as Tier 2 capital, and are convertible into ordinary shares of QBE under certain conditions.The company said the issuance will not have a material impact on its financial position.

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Asia

QBE Insurance's 500 Million Euros of Tier 2 Subordinated Securities Assigned 'BBB+' Rating by Fitch

QBE Insurance's (ASX:QBE) 500 million euros in tier 2 subordinated securities have been assigned a "BBB+" rating by Fitch Ratings, according to a Tuesday note by the ratings agency.Fitch said the subordinated notes are rated two notches below QBE's Issuer Default Rating (IDR), comprising two notches for poor baseline recoveries and zero for minimal non-performance risk, with QBE's ratings reflecting the non-life insurance group's very strong capitalization and leverage, favorable company profile and very strong financial performance and earnings.The securities have been issued through QBE's note issuance program and are its direct, unsecured, and subordinated obligations, maturing on June 17, 2037, and carrying a fixed annual coupon rate of 4.293% paid in arrears up to June 17, 2032.

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Asia

Australian General Insurers Positioned to Outperform, Says Jefferies

Australian general insurers are structurally positioned to outperform during a broad market sell-off, supported by stable demand, sturdy cash flows, and mandatory insurance requirements, Jefferies said in a note on Monday.The sector, known for its defensive characteristics and low volatility, is moderating from a period of rapid premium rate increases and rising US and Australian bond yields.Jefferies remains optimistic on the sector, banking on the defensive nature of domestic retail books, reinsurance protections, and higher bond yields.QBE Insurance Group (ASX:QBE) is seen as having the most leverage to rising interest rates, with a 1% increase in underlying yields significantly boosting earnings, as a large portion of its profits comes from investing insurance funds.Jefferies has a buy rating on QBE and raised its price target to AU$26.25 from AU$25.55.The investment firm further maintained the buy rating for Iinsurance Australia Group (ASX:IAG) with a raised price target of AU$8.75 from AU$8.50, and kept its hold rating on Suncorp (ASX:SUN) with a higher price target of AU$18.40 from AU$17.70.

ASX:IAGASX:QBEASX:SUN
Asia

New Zealand's Financial Markets Authority Urges Insurers to Consider Consumer Risks in Benefits, Campaigns

New Zealand's Financial Markets Authority (FMA)on Thursday urged insurers to adopt a proactive and outcome-focused approach to manage risks associated with short-term sales campaigns and incentives, pointing to potential conflicts of interest that can jeopardize the fair treatment of consumers.Although the majority of insurers have processes in place to identify and manage such risks, their approaches to risk mitigation vary, the FMA said.The regulator outlined multiple areas of focus, including the need for greater stakeholder involvement when designing incentives, clear governance and approval processes, enhanced monitoring of how incentives impact consumer outcomes, and more use of proactive reviews as opposed to relying only on complaints or feedback.According to the FMA, the risks include insurers potentially recommending a product or value of insurance cover that is not suited to the customer's needs, or recommending a policy replacement just to increase the chance of the adviser receiving a soft commission."These benefits and campaigns, or soft commissions, have a place, but insurers should actively consider these risks to ensure their fair conduct programs are designed to support fair treatment of consumers," said Michael Hewes, the FMA's director of deposit-taking insurance and advice."We want these insights to support insurers to take consumers' interests into account when designing, offering, and managing benefits and campaigns," Hewes added.

ASX:IAGASX:QBEASX:TWRNZE:TWR
Asia

QBE Insurance Group Prices 500 Million Euros in Subordinated Notes Issuance

QBE Insurance Group (ASX:QBE) priced an issue of 500 million euros in fixed rate resetting subordinated notes under its note issuance program, according to a Thursday Australian bourse filing.The notes will have a term of 11 years, maturing June 17, 2037. Interest payable on the notes will initially be at a fixed rate of 4.293% per annum, paid annually in arrear up until maturity.The notes will be eligible as Tier 2 capital under the Australian Prudential Regulation Authority's capital adequacy framework.

ASX:QBE
Asia

QBE Proposes Issuance of Euro-Denominated Fixed Rate Resetting Subordinated Notes

QBE Insurance Group (ASX:QBE) proposed issuing euro-denominated fixed rate resetting subordinated notes under its note issuance program, subject to market conditions and final terms, according to an Australian bourse filing on Wednesday after market hours.The issuance is part of the company's ongoing funding and capital management strategy, with the proceeds intended to strengthen and support its tier two capital position, the filing added.

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses.Insurance Australia Group (ASX:IAG): -4%, AU$7.82Block (ASX:XYZ): -3%, AU$96.49Xero (ASX:XRO): -2%, AU$74.65Wisetech Global (ASX:WTC): -1%, AU$37.11Goodman Group (ASX:GMG): -1%, AU$30.44Origin Energy (ASX:ORG): -1%, AU$10.95Telstra Group (ASX:TLS): -1%, AU$5.39APA Group (ASX:APA): -1%, AU$10.20QBE Insurance Group (ASX:QBE): -1%, AU$23.65Meridian Energy (ASX:MEZ): -1%, AU$4.81

ASX 200ASX:APAASX:GMGASX:IAGASX:MEZASX:ORGASX:QBEASX:TLSASX:WTCASX:XROASX:XYZ
Asia

QBE Insurance To Issue AU$500 Million Perpetual Floating Rate Capital Notes

QBE Insurance Group (ASX:QBE) will issue AU$500 million perpetual floating rate capital notes on Tuesday, intended to constitute regulatory capital of the issuer satisfying Australian Prudential Regulation Authority's (APRA) regulatory capital requirements for additional tier-1 capital, according to a same-day Australian bourse filing.The notes will carry the aggregate of the bank bill swap rate plus margin, for an interest period.The capital notes are convertible into ordinary shares of QBE, in certain circumstances.

ASX:QBE
Asia

QBE Insurance Group Proposes Australian Dollar-Denominated Capital Notes Issuance

QBE Insurance Group (ASX:QBE) plans to issue wholesale Australian dollar-denominated floating rate capital notes, subject to market conditions, according to a Tuesday filing with the Australian bourse.The company expects the proceeds of the proposed issuance to fund additional Tier 1 capital.

ASX:QBE
Asia

QBE Insurance Group to Redeem Over $524 Million Subordinated Notes

QBE Insurance Group (ASX:QBE) said it will fully redeem its $524.1 million 5.875% subordinated notes due 2046 on June 17, paying investors the principal amount plus accrued interest, according to a Monday filing with the Australian bourse.The redemption has been approved by the Australian Prudential Regulation Authority (APRA), per the filing.The company clarified that this does not imply any intention to redeem other regulatory capital instruments, which would still require separate APRA approval, the filing added.

ASX:QBE
Asia

Australian Shares End Lower; Macquarie Group Posts Higher Fiscal Year 2026 Earnings, Revenue

Australian shares ended lower on Friday as oil prices rose amid clashes between US and Iranian forces.The S&P/ASX 200 Index fell 1.51%, or 133.70 points, to close at 8,744.40.Brent crude oil futures rose over 1% to trade around $101 per barrel. US President Donald Trump said that the ceasefire between Iran and the US was still in effect despite the clashes, while Iran said the situation had returned to normal, according to a Reuters report.In company news, Macquarie Group (ASX:MQG) reported Friday fiscal year earnings of AU$12.669 per share, up from AU$9.755 a year earlier. Revenue from ordinary activities for the 12 months ended March 31 was AU$19.48 billion, compared with AU$17.21 billion a year earlier. Its shares fell 1% on market close.News Corp (ASX:NWS) reported fiscal third-quarter adjusted earnings of $0.21 per share, up from $0.17 a year earlier. Revenue for the quarter ended March 31 was $2.19 billion, up from $2.01 billion a year ago. Its shares closed down 8%, earlier reaching a two-year low point. Its shares closed up 3%.Lastly, QBE Insurance Group (ASX:QBE) reported first-quarter gross written premiums of $9.2 billion, up 11% from $8.3 billion a year earlier. The company maintained its full-year guidance for gross written premium growth in the mid-single digits and a combined operating ratio of nearly 93%. Its shares fell 1% on market close.

ASX 200ASX:MQGASX:NWSASX:QBE
Asia

QBE Insurance Group Premium Rate Increases Reflect Mixed Competitive Dynamics Across Multiple Classes, Jefferies Says

QBE Insurance Group's (ASX:QBE) group premium rate increases of 2% reflect mixed competitive dynamics across multiple classes during the first quarter, Jefferies said in a note on Friday.The firm operates a diversified commercial portfolio across regions and commercial lines, supporting a growth focus as the market transitions. Its commercial property and Lloyds businesses remain highly competitive. Its quarterly gross written premium growth is supportive of the full-year guidance.Early indications suggest a favorable crop year, with yield and production set to improve and pricing remaining favorable. Crop insurance at the gross level increased 4%.The investment firm assigned it a buy rating on QBE Insurance and raised the price target to AU$25.55 per share from AU$23 per share.

ASX:QBE
Asia

QBE Insurance Group Reports Higher Q1 Gross Written Premiums; Affirms Guidance

QBE Insurance Group (ASX:QBE) reported first-quarter gross written premiums of $9.2 billion, up 11% from $8.3 billion a year earlier, according to a Friday filing with the Australian bourse.The company maintained its full-year 2026 guidance for gross written premium growth in the mid-single digits and a combined operating ratio of nearly 93%.Market conditions remain broadly supportive with favorable rate adequacy, the company said, adding that competitive pressures are most visible within the commercial property and Lloyd's segments.

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