GWP down 7% to $4.1bn at QBE Europe in 2016
COR worsened to 93.6% in the insurer's results.
QBE's European division reported a 7% drop in gross written premium (GWP) to $4.1bn [£3.3bn] for the year ended 31 December 2016.
This compared to $4.4bn for the same period in 2015.
The combined operating ratio (COR) increased to 93.6% from 89.1% in the prior year.
This was driven by the weaker pound and a "heightened catastrophe experience", the insurer said.
QBE also noted that its expense ratio improved to 16.6% from 17.3% in the previous year, due to "ongoing expense management and
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