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QBE expects half-year claims for 2011 of some $1.08bn, with an extra $250mn in catastrophe losses in June alone, the insurer said as it unveiled its interims.

The large claims reported in June related to US tornadoes, a New Zealand aftershock and loss creep from Australia's Cyclone Yasi, as well as other large individual claims.

The half year total this year is already greater than the total claims bill for 2010.

The impact of the large losses has contributed to...

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