QBE 0.53% $16.99 qbe insurance group limited

update, page-32

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    I think very few of us would expect this year or next year to have reduced cats because it is due. However, a lot of us will expect reduced cats because we have recently experienced a couple of abnormally high catsyears, and to place a bet that any particular year will have abnormally high cats would be a losing bet on most occasions. BUT that does not mean another year of high cats will not happen!!!
 
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