News Non-Life27 Feb 2018

Australia:Major insurer posts 2017 loss of US$1.25 bln

27 Feb 2018

Australia's biggest insurer, QBE Insurance Group, yesterday reported a full-year loss of US1.25 billion for 2017 as claims from natural disasters soared and its emerging-markets business underperformed. In contrast, the company reported profits of $844 million in 2016.

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