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Past losses hint at reinsurers' flood exposures

17 January 2011

With Queensland's general insurance market dominated by Suncorp, QBE and Insurance Australia Group (IAG) - all big reinsurance buyers - there are few indications from international (re)insurers as to what level of exposure they anticipate from the devastating floods.

Omega Underwriting has pointed to exposure on its property treaty account from the event, while analyst Nick Johnson of Numis Securities has adjusted 2010 projections for a number of Lloyd's players to allow for potential earnings drag from the floods.

The...


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