QBE announces expansion to Asia and Latin America

QBE celebrates good news despite industry turbulence

While La Nina continues to hurl wild weather events across the antipodes, HSBC have announced the sale of a parcel of general insurance business to Australia’s QBE. 

In response, QBE shares have risen against the falling trend, showing market support for the move.

QBE boss Frank O’Halloran said the acquisitions “fit well with our strategic objectives of profitable growth in the fast-growing economies of Asia and Latin America."

Read more here
http://www.theaustralian.com.au/business/financial-services/qbe-buys-hk-based-insurance-operation/story-fn91wd6x-1226292561376
http://www.insurancenetworking.com/vwc/hsbc-axa-qbe-bancassurance-30023-1.html

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