Aggregate catastrophe recoveries drop at QBE

Australian (re)insurer QBE recovered fewer catastrophe claims
under its global aggregate reinsurance programme in the first half
of 2016 than in the same period last year.
The carrier recorded a stable level of net catastrophe and large
risk losses for the half year at $551mn, compared to $552mn in H1
2015.
It transferred a further $131mn of claims under the aggregate
cover, down from $213mn in the first half of 2015.
The carrier's largest losses stemmed from the Ecuador
earthquake,...