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BRIEF-QBE Insurance updates on hurricane impact on co
October 2, 2017 / 11:20 PM / 2 months ago

BRIEF-QBE Insurance updates on hurricane impact on co

Oct 3 (Reuters) - QBE Insurance Group Ltd:

* Hurricanes market update

* QBE has increased its 2017 large individual risk and catastrophe claims allowance

* Group has increased its 2017 allowance for large individual risk and catastrophe claims to $1.75bn

* ‍There is a pre-tax impact to earnings of about $600m​

* ‍Group’s 2017 combined operating ratio target range now moves to 100.0%-102.0%​ Source text for Eikon: Further company coverage:

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