QBE International posts double digit premium growth
QBE International’s combined operating ratio improved again to 88.5% last year as the division, in which the UK sits, grew premium 12.6%.
The unit’s GWP rose to $11.07bn (£8.21bn) increasing its momentum having grown by 11% in 2024.
The provider, which did not supply UK numbers, revealed the COR was trimmed slightly from 88.7% the year before. This followed on from previous progress having been cut from 89.5% in 2023.
RelatedQBE divests arm with UK business to Swiss ReQBE has entered into an agreement to divest its global trade credit and surety business to Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re
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