The QBE Insurance Group, busy responding to recent post-flood claims in Australia, has commented on the impact of the Ukrainian dispute on the company.
In the market release, the Sydney-based insurance company operates in the International (Europe and Asia), Australia Pacific and North America divisions, stating:
“Although the situation is dynamic, QBE limits its exposure to the country and dispute-related insurance losses do not have a significant impact on the group.”
Separately, the QBE Foundation said it would donate £ 50,000 each to its disaster relief and resilience partners, the British Red Cross and Save the Children UK, to support their respective Ukrainian crisis complaints. ..
“We also encourage colleagues to donate to both charities, which is consistent with the donations they make,” added “proud” supporters.
Meanwhile, in the domestic market, QBE states that it has received approximately 3,000 claims (mainly personal lines) related to the floods in Queensland and New South Wales. Insurers, who expect more claims to be filed in the coming weeks, said they are expanding claims and helping respond.
QBE shares the impact of the Ukrainian conflict with insurance groups
Source link QBE shares the impact of the Ukrainian conflict with insurance groups