QBE Insurance Group on Monday reported a return to full-year profit on an improved North American business even as it flagged falls in premium income due to a strengthening U.S. currency.
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders mortgage insurance business in Australia after reporting an 18% drop in earnings.
Arthur J. Gallagher & Co., the insurance broker expanding beyond the U.S. through acquisitions, sold about $821.8 million of shares in an equity offering to help fund its latest deal.
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{
"uri": "/2015/02/24/qbe-returns-to-annual-profit-as-north-american-unit-improves/",
"title": "QBE returns to annual profit as North American unit improves",
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"summary": "QBE Insurance Group on Monday reported a return to full-year profit on an improved North American business even as it flagged falls in premium income due to a strengthening U.S. currency.",
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{
"uri": "/2014/08/20/qbe-to-sell-assets-750m-in-shares-as-profit-drops/",
"title": "QBE to sell assets, $750M in shares as profit drops",
"byline": " Narayanan Somasundaram, Bloomberg ",
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"summary": "QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders mortgage insurance business in Australia after reporting an 18% drop in earnings.",
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{
"uri": "/2014/04/11/gallagher-stock-priced-at-43-25-in-sale-to-fund-we/",
"title": "Gallagher Stock Priced at $43.25 in Sale to Fund Wesfarmers Deal",
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