QBE set to improve corporate culture

Company News

by Rachael Jones

Insurance company QBE (ASX:QBE) has published details of its Credit Suisse Asian Investment Conference Presentation – detailing plans to improve corporate culture.

Speaking at the presentation in Hong Kong chief executive Pat Regan told how he wants a simplified and improved north American market and deep relationships with major trading partners.

Australia accounts for around one third of QBE’s operations, but traditionally around 40 per cent of profits.

Their dividend policy will remain unchanged. For the financial year 2017 payout including share buyback was $495 million at 26 cents per share.

Shares currently in QBE (ASX:QBE) closed down yesterday 1.03% to $9.65.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.