Australia: QBE reports 46% plunge in 1H net gains
Source: Asia Insurance Review | Sep 2016
QBE, Australia’s biggest insurer, saw its net profit reduced to US$265 million for the half year to 30 June, down by 46% compared to the corresponding period last year, and cited macro conditions affecting the insurance industry. The insurer had also let its Australia and New Zealand CEO of one year, Tim Plant, go.
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