QBE's mystery manoeuvres

Article Abstract:

QBE's mystery manoeuvresAuthor: Adele FergusonBP: 10EP: 10NP: 1 The 2004 half yearly results of QBE Insurance Group of Australia shows a 33% rise in the net profit to $320 million even though it reduced the rate of premium growth for 2004. QBE Insurance Group will raise $1 billion capital that will be utilized for acquisitions. The QBE Insurance Group's strategies on restructuring of its Lloyd's of London business and European divisions under the chairmanship of Frank O'Halloran are examined.

QBE Insurance Group Ltd.

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AMP's worst is not over

Article Abstract:

The AMP 's first -quarter results of 2003 were far below the market expectations that resulted in writing off assets worth $2.6 billion and raised $1.5 billion for better results. The poor risk-management process and insufficient management information systems, coupled with a falling stockmarket and the draining of funds from its orphan estate in Britain has resulted in the company's losses.

AMP

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Insurers must grow, rationally

Article Abstract:

The importance of acquisitions insurance sector and the challenges faced by the insurance companies in Australia and New Zealand in the process of expansion are discussed.

Acquisitions & mergers, Forecasts, trends, outlooks, New Zealand, Mergers, acquisitions and divestments, Company acquisition/merger, Industry forecasts

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