Profits down in QBE’s European operations

frank-o-halloran-qbe-ceo

The combined operating ratio for the division, which includes but does not separate out UK business, slipped to 95.4%, from 88.4% in the first six months of 2010, while gross written premium grew to £1,748m (H1 2010: £1,574m.)

The provider's insurance profit margin from European operations also fell to 13% (H1 2010:18.3%) which QBE said was impacted by significant large individual risk and catastrophe claims and was partly offset by prior year releases of risk margins in claims provision. It

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: