HIM drives QIC to underwriting loss over first nine months

Losses from hurricanes Harvey, Irma and Maria (HIM) and the UK
change to the Ogden rate drove the Qatar Insurance Company (QIC)
Group to an underwriting loss for the first nine months of 2017, it
reported today.
Net profit fell 56.9 percent from the same period of last year
to $84mn, with the group generating a net underwriting loss of
$28mn and reporting a 9.3 percentage point deterioration in its
combined ratio to 108.2 percent.
In the first nine months...