QBE revenue slide on disasters, chief retires

QBE revenue slide on disasters, chief retires
Insurer QBE has reported a 45 per cent drop in complete-year web profit, which it has attributed to the report number of normal disasters previous yr.
In the 12 months to December QBE produced $655 million, in line with analysts' anticipations.
The insurer also announced that extended-serving team wholesale NFL jerseys chief govt Frank O'Halloran would be retiring, to be changed by global underwriting head John Neal in August.
QBE chairman Belinda Hutchinson states Mr O'Halloran, who was appointed CEO in 1998, transformed the insurer.
When he was appointed group chief executive in 1998, QBE was producing around $US2 billion in top Arsenal jerseys quality earnings,　 Ms Hutchinson stated.
When today you look at this firm we are now rated wholesale NFL jerseys in the leading 20 Arsenal jerseys of the worldwide basic insurance coverage and reinsurance businesses and we are producing soccer jersey cheap $US18 billion in 52 international locations.　
QBE said the outlook for earnings this yr was positive, as it had improved its premiums and diminished its exposure to catastrophe-inclined places. It also has obtained a thorough reinsurance deal.
Shareholders will get a closing dividend of 25 cents.
QBE shares have been positioned in a investing halt.report=2012-03-06data


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