QBE Exhausts, Goes $600m Beyond, Catastrophe Aggregate Reinsurance

Sat, 10/07/2017 - 16:03
by Steve Evans of Seeking Alpha

Australian insurer QBE Group has announced that it expects a US $600 million hit to 2017 profits due to recent catastrophe loss activity, which means the company has burnt through its entire $900 million of aggregate reinsurance protection and losses have climbed far above that protection after the combined impacts of 2017 catastrophe losses.

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