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International

QBE’s premiums up 28%, but logs $260 million cat loss

May 07, 2021 Reprints

Australian insurer QBE Insurance Group Ltd.’s gross written premium were up 28% year-on-year in the first quarter, driven by a significant rise in crop premiums, Reinsurance News reported. The insurer recorded strong performance in the reported quarter despite a 13% rise in net catastrophe losses to $260 million that surpassed its first quarter allowance of $180 million.

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QBE’s premiums up 28%, but logs $260 million cat loss

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