QBE: Canary in the capital mine?
The global P&C industry has been drowning in a surplus of capital for so long that it’s a shock to write of dividends and share buy-backs being cancelled for reasons of balance sheet prudence.
The global P&C industry has been drowning in a surplus of capital for so long that it’s a shock to write of dividends and share buy-backs being cancelled for reasons of balance sheet prudence.