QBE ups cat budget after heavy losses and expects 10% price rises

Ben NorrisJuly 24, 2023
Businessman investment consultant analyzing company financial report balance statement working with digital augmented reality graphics. Concept for business, economy and marketing. 3D illustration.
Credit: Shutterstock/Natee K Jindakum

QBE expects to achieve average rates increases of about 10% across its book this year but has increased its full year catastrophe budget to $1.33bn after heavier than expected losses of $700m in the first half.

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Ben NorrisJuly 24, 2023
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