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flag QBE Insurance CEO dismisses breakup calls, links premium hikes to disasters, not competition.

flag QBE Insurance's CEO, Andrew Horton, dismissed calls from Opposition Leader Peter Dutton to break up insurance firms, arguing this wouldn't reduce premiums. flag Horton attributes the 16% rise in premiums over the past year to disaster frequency and repair costs, not lack of competition. flag He suggests collaborating with governments to improve building codes and mitigate risks instead. flag QBE reported a 30% increase in profit to $2.8 billion.

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