QBE lifts FY catastrophe budget amid $700m in losses for H1 2023
Reinsurance News - Jul 20, 2023
Primary insurer QBE has raised its FY 2023 catastrophe budget to around $1.33 billion as the firm reports an elevated net cost of catastrophes of roughly $700 million for H1 2023. In a recent H1 2023 results updated, the insurer highlights additional pressure on catastrophe costs following the serie...
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