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QBE - QBE Insurance News Story

A$8.51 0.3  3.9%

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Large Cap
Market Cap £5.74bn
Enterprise Value £8.08bn
Revenue £11.98bn
Position in Universe 51st / 1837

BRIEF-QBE Insurance does not anticipate any material impact on day to day insurance ops on Brexit

Mon 27th June, 2016 12:13am
June 26 (Reuters) - QBE Insurance Group Ltd  QBE.AX : 
 * Notes United Kingdom (UK) referendum regarding ongoing membership of European 
   union (EU) seen majority of votes cast in favour of leaving EU 
 * Should EU passporting rules not be preserved, QBE will be required to renew 
   this business into newly established licensed EU entities 
 * QBE does not anticipate any material impact on day to day insurance operations as result of UK's decision to leave the EU 
 * Referendum outcome may require revised approach in relation to about GBP500 
   million of insurance and reinsurance co currently sources from EU countries 
 * Ability to source business from EU member countries remains unchanged 
* Source text for Eikon  ID:nASX4h86z9  
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