QBE clawed by cats

A string of catastrophes late in 2011 will hit QBE Insurance’s profitability. But premium increases mean a recovery is already in prospect.

There have been two very bad days in Frank O’Halloran’s 14-year tenure as QBE Insurance chief executive. The first was 17 September 2001, when he was forced to admit that QBE’s reinsurance protection was insufficient to cover the September 2001 terrorist attacks, forcing a capital raising.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles