QBE CEO Australia Pacific Vivek Bhatia will leave this month, the insurer announced this morning…
QBE Insurance chief executive Pat Regan has left the company after an external investigation into an incident that breached the company’s ethics and code of conduct. When you do, who will you give it to? So how do I snag tickets?
Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article Winding it back is not an optionMan accused of rape and assault near Darwin's Casuarina Beach denied bail "Funding costs for banks will remain exceptionally low for longer, and this will enable them to continue to provide credit to businesses and individuals relatively cheaply," she said.BIS Oxford Economics is not forecasting any interest rate rise until mid-2024.Dr Lowe also noted that fiscal support was playing an important role in supporting the economy through the crisis, and that "public sector balance sheets in Australia are in good shape, which allows for continued support". Winding it back is not an optionMan accused of rape and assault near Darwin's Casuarina Beach denied bailKerrod Holland to quit NRL after Bulldogs opt against tabling extensionNike for chicken: Bartering soars in coronavirus-hit PhilippinesEuropean shares open higher after four straight sessions of lossesTaking a leaf from Fed, BOJ may need to focus more on jobs, deputy governor saysAFL grand final to be played at the Gabba in Brisbane — here's what we know about buying ticketsHere’s what could trigger more stock market pullbacks this year, says Schwab trading proLocal lockdowns are lifted in parts of North West England todayThe Masked Singer Kitten Julia Morris was "gaslighting" OsherCricket's dressing rooms have questions to answer over black players' isolationLebanon PM designate bids to form crisis cabinet within two weeksMany withdrawing super early underestimate impact on retirement balanceAFL Grand Final public holiday named 'Thank You Day'Once you shutdown an economy, this is what you get: ClennellKanye West claims God told him to invade stage and confront Taylor SwiftThe Obamas' interior designer reveals their White House decor secretsHow have Dutch players fared at Manchester United over the years?UK will lead world on tackling famine and Covid with new department, says RaabWill trade for food: online bartering soars in virus-hit PhilippinesIt'll take more than a soup-and-shakes diet plan to tackle obesity in the UKFears for 'heart of Preston' in fast-tracked market reviewBosses and workers are divided on returning to offices, survey showsLionel Messi's dad and agent Jorge arrives in Barcelona for showdown talksUK coronavirus LIVE: England under pressure to add Greece to quarantine list as Scotland and Wales act as Boris Johnson faces PMQsCoroners take aim at authorities for inaction after more chainsaw deathsCocaine and cash seized; three men arrested in western SydneyJohnny Depp files for defamation case delay to film 'Fantastic Beasts 3'How childcare instructor, 21, got rid of her bloating in FOUR DAYSTui temporarily bans flights to Zante resort after COVID-19 spikeAustralian media agree to joint trial for Pell sex abuse case reportingCheng Lei’s detention is collateral damage.
The board concluded that he had exercised poor judgement in this regard," QBE chairman Mike Wilkins said.Mr Wilkins will take over day-to-day oversight of QBE as executive chairman while the search for a new chief executive gets underway.Wall Street's benchmark index, the S&P 500, slipped (-0.2pc) from its record high to 3,500 points overnight.But the S&P recorded its strongest performance in the month of August since 1986, having jumped 7 per cent last month.The industrial-skewed Dow Jones dropped 224 points (or 0.8 per cent) to 28,430 points.The tech-heavy Nasdaq defied the trend and hit a fresh record high once again, up 0.7 per cent to 11,775.Investors are still flocking to technology stocks, which are seen to be strong money makers during the COVID-19 outbreak. Alongside this, we are accelerating our program of work to build best-in-class data and digital capabilities to meet the evolving needs of our customers. The Reserve Bank has kept official interest rates unchanged at a record low 0.25 per cent, but expanded a scheme that allows banks to secure cheap funding.As was widely expected, the central bank maintained its target of 0.25 per cent for the cash rate and the three-year government bond yield.However, the RBA also said it would increase the size of its "term funding facility", which will provide banks with additional funding at a fixed rate of 0.25 per cent for three years.The initial facility allowed banks to borrow up to 3 per cent of their outstanding credit until the end of this month.
"The US just passed 6 million cases, a further reminder that the pandemic is here to stay until we do something about it. Why is the QBE share price under pressure today? QBE boss skewered by his own conduct code September 1, 2020 Charlotte The soles of Mike Wilkins shoes must be wearing thin – or at least his mobile phone must be running out of battery power. ... ASX 200 down 1.7%: Afterpay sinks on PayPal news, QBE sacks its CEO, bank shares lower.
His exit followed an investigation into "workplace communications".The major insurer has announced that Pat Regan will leave after an external investigation found the chief executive's communications did not meet the company's standards. The sacking of QBE CEO Pat Regan is another own goal for the insurer.