QBE blows through cat allowance with expected $1.06bn full-year net cat cost
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QBE blows through cat allowance with expected $1.06bn full-year net cat cost

Liz Bury
21 November 2022
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QBE has reported an assumed net cat cost of $1.06bn for the full year 2022, exceeding its annual cat allowance of $962mn.

Higher-than-expected cat costs “introduced some risk to our full-year outlook”, the firm said.

The expected full-year combined operating ratio was 94% and anticipated constant currency GWP growth was 10%.

The

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Liz Bury
Editor, Insurance Insider ILS
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