QBE cat claims trending favourably relative to FY2023 cost assumptions
QBE reported net catastrophe claims of $250mn in the four months to October, and the carrier said that nat cat loss activity was trending favourably compared to its FY2023 assumptions.
The Australian carrier said in a Q3 trading update that nat cat activity continued over recent months, citing hurricanes Idalia, Otis and Hillary, as well as flood and wildfire events in Europe and North America.
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