QBE has gone into a trading halt because of investor speculation regarding recent heavy rain and flooding, upcoming full year results and takeover activity.
QBE's trading halt will remain in place until the company makes a statement regarding its 2010 results, recent Australian catastrophes, acquisition activity, 2011 comprehensive worldwide reinsurance protections and 2011 financial targets.QBE, Australia's biggest insurance company, said in a statement on Thursday it was likely to make the announcement before commencement of trade.
The new magazine for a new generation of West Australians.Click here to download »
All the latest market figures from Australia and the world.Click here »
'The West Australian' is a trademark of West Australian Newspapers Limited 2013.
All rights reserved.
Select your state to see news for your area.