QBE expects to book $1.2bn in losses

January 25 2018 by InsuranceAsia News Staff

The largest insurance company in Australia announced that it is expecting to log an annual loss of about US$1.2 billion owing to payouts related to huge wildfires in California, storms in Australia, a...

Get full access

To view the full article and get unlimited access to InsuranceAsia News's exclusive insight across 5,000+ articles

Subscribe Now

Take a Free Trial

Already a Subscriber? Please Login

MORE FROM: Catastrophe

Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
- August 11
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
Seoul flooding leaves Korean P&C players facing thousands of claims: report
- August 10
Insurers including Samsung Fire & Marine and DB Insurance said the damages amount to several billion won.
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
- August 8
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
- August 8
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.

Partner Content

Sedgwick: The impact of the pandemic on handling of MCL insurance claims

A longer claims process and increased cost were some of the challenges faced by insurers.
Guy Carpenter: 2022 Western North Pacific Basin Tropical Cyclone Predictions

Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.

Join the mailing list Receive our regular newsletter, a round-up of the latest news and insights direct to your inbox, and designed to help you stay ahead.

Partner Video