THE credibility of QBE ­management has again been called into. after an increase in marine and fire damage in Hong Kong and Singapore and a poor crop insurance result in Ecuador and Chile where floods have gripped the countries.

The company will be divesting its general insurance units in Hong Kong, Singapore, Argentina and Mexico to Australia’s QBE Insurance Group Ltd. and France-based AXA Group in two separate deals. HSBC’s wholly owned subsidiaries – HSBC Insurance.

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Insurer QBE has. and Hong Kong-based subsidiaries of HSBC for $US420 million ($A399.39 million). Subject to regulatory approval, QBE will acquire HSBC Argentina Holdings and Hang Seng Bank, and exclusively underwrite the.

QBE will start supplying general insurance products in Hong Kong for distribution through Manulife’s agents. The exclusive distribution agreement is between divisions of both companies: Manulife (International) Ltd. and QBE Hongkong & Shanghai Insurance Ltd. Neither side is disclosing financial.

French insurance company, Axa is paying $494 million in cash for the bank’s businesses in Hong Kong, Singapore, Argentina and Mexico, while Australia’s QBE Insurance Group is paying another $420 million for HSBC’s business there. The bank said that.

THE credibility of QBE ­management has again been called into. after an increase in marine and fire damage in Hong Kong and Singapore and a poor crop insurance result in Ecuador and Chile where floods have gripped the countries.

HSBC and its Hong Kong. $494m for HSBC’s general insurance businesses in Hong Kong, Singapore and Mexico. HSBC also sold Hang Seng General Insurance, based in Hong Kong, and a similar business in Argentina to Australia’s QBE Insurance for $420m.

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Global banking giant HSBC Holdings said that it has agreed to sell its general insurance businesses in Hong Kong, Singapore, Argentina and Mexico to AXA Group and Australia’s QBE Insurance Group in separate deals valued at around US$914 million in cash.

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HONG KONG (Reuters. and buy financial products ranging from insurance, loans and credit cards. It earns a fee from banks including HSBC, DBS and Standard Chartered and insurers such as FWD Group and QBE Insurance Group.

Manulife to distribute QBE Hongkong & Shanghai insurance in. The QBE products, which include travel, products via Manulife’s agency channel in Hong Kong.

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HONG KONG (Reuters. and buy financial products ranging from insurance, loans and credit cards. It earns a fee from banks including HSBC, DBS and Standard Chartered and insurers such as FWD Group and QBE Insurance Group every time a person buys.

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THE credibility of QBE ­management has again been called into. after an increase in marine and fire damage in Hong Kong and Singapore and a poor crop insurance result in Ecuador and Chile where floods have gripped the countries.

Raheja QBE General Insurance Co’s Rs 102 crore proposal for transfer of 23 per cent shares held by Prism Cement to Hong Kong’s QBE Asia Pacific Holdings and thereby increasing foreign shareholding to 49 per cent also got the nod.

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Australian shares have started the week on a negative note with the S&P ASX200 slipping 41.6 points, or 0.8%, to a eight week low of 5,144.4 points after QBE Insurance issue a. North America and Hong Kong / China.

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HSBC also sold Hang Seng General Insurance, based in Hong Kong, and a similar business in Argentina to Australia’s QBE Insurance for $420m. HSBC said it wanted to invest in other areas, including wealth management. It announced last year it would offload.

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AXA would pay USD 494 million for the assets in Hong Kong, Singapore and Mexico, while QBE Insurance Group would pay USD 420 million for the assets in Argentina. The transactions, which are subject to regulatory approvals, are expected to be completed.

HONG KONG (Reuters. and buy financial products ranging from insurance, loans and credit cards. It earns a fee from banks including HSBC, DBS and Standard Chartered and insurers such as FWD Group and QBE Insurance Group.

In Hong Kong, the IPO market is showing signs of fatigue. or 0.23 per cent, to $21.40. QBE Insurance Group attracted bargain hunters, Mr Esho said. QBE’s shares jumped 44 cents, or 2.71 per cent, to $16.69 after plunging earlier this.

Lap Shing Insurance Broker claimed it could buy policies from China Ping An Insurance (Hong Kong), DirectAsia Insurance (Hong Kong), QBE Hong Kong and Shanghai Insurance, Tokio Marine and Fire Insurance (Hong Kong) and Zurich Insurance. Officers took.

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QBE Insurance Group Limited is Australia's largest global insurer. It provides insurance services mainly to Australia, America, Europe and Asia Pacific region.

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