QBE reports 8.9% Q1 rate growth but smashes cat budget
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QBE reports 8.9% Q1 rate growth but smashes cat budget

Anna Sagar
05 May 2021
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qbe-logo-sydney2.jpg

QBE reported rate growth of 8.9% in the first quarter but said net catastrophe losses rose 13% to $260mn, well above its $180mn allowance.

Chairman Michael Wilkins gave the figures in a speech at the carrier’s AGM, in which he noted that QBE expects to resume dividend payments this year.

Wilkins

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