this from the SMH:
The other big listed general insurance company, QBE, has a more complicated reinsurance program, with its retention exposure on catastrophes estimated at $200 million.
But it is worth noting that QBE has a proportionally smaller exposure to Australia and its portfolio is more weighted towards long-tail insurance rather than homes and cars. So far it has received 200 claims and the company's expectation is that total claims will be less than those recorded in 2011, which totalled $US142 million.
interest rates, page-10
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