Trading in QBE Shares Suspended
The Australian Stock Exchange halted trading in the shares of insurer QBE Insurance Group Ltd. in response to the sharp drop in their value following the announcement of QBE’s exposure to large losses from the terrorist attacks in the U.S. (See IJ Website Sept. 18 & 19).
The value of the shares has fallen by more than two-thirds since the attacks, closing at U.S. $1.70, and the company’s capitalization dropped to under $1 billion prior to the suspension.
Popular Today
- Louisiana Insurers Must Disclose Prior Policy Premiums Under Controversial New Law
- California Surplus Lines Take-Up Soars as Brokers Work to Find Coverage for Clients
- First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events
- New Book Proposes Four-Prong Legal Strategy to Negate Nuclear Verdicts