Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Chile within QBE’s annual cat budget while soft market lingers

16 March 2010

Australian insurer QBE has warned that the global insurance market is likely to remain soft for the next 12 to 18 months.

The gloomy assessment was provided by Steven Burns, chief executive of QBE's European operations, at a press conference hosted by global chief executive Frank O'Halloran.

QBE's loss from the February Chile quake is also likely to be"well short" of the A$1.1bn that it allocates for catastrophe losses each year, even without the A$180mn excess of loss reinsurance layer...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue March 2010/3

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π