QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.
At its recent Annual General Meeting, QBE advised that its 2010 business plans included an allowance of $1.28bn for large risk and catastrophe claims. This allowance includes reinsurance protections
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