QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an unprecedented cost of catastrophes as well as the …
QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions …
Sydney-based QBE announced that its Emerging Markets’ division has experienced “significantly higher than expected claims activity during the first five months of the year.” As a result, this division is expected to report a first half combined operating ratio of …
