Sectors News Results

  • QBE Prepared to Lift Prices Amid Expanding Catastrophes

    SYDNEY-- QBE Insurance Group Ltd. (QBEIF) is prepared to further lift the cost of premiums if claims keep growing due to natural catastrophes. Interim Chief Executive Richard Pryce said the general insurer remained vigilant on claims inflation and was reviewing its catastrophe-exposed portfolios and re-assessing its modelling. "The rising frequency and severity of catastrophe costs is one of the more difficult issues that the industry is presently grappling with.

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