QBE expects Brit purchase to deliver extra £175m GWP

Graphic showing rise in money

QBE Insurance Group expects the purchase of Brit's UK regional business to deliver an extra £175m of gross written premium (GWP) in its first full year.

The deal - which was completed in April - was widely acclaimed by brokers at the time.

And, as part of the insurer's half-year results for the year ended June 2012, QBE said the expanded portfolio's combined GWP is now expected to reach £500m.

QBE said policies renewed since 1 May have already boosted GWP during the half year by £8m.

The results stated: "The Brit portfolio specialises in the SME/micro sector of the regional market where QBE previously had no significant presence and includes a

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Meet the MGA: Aurora

Jan-Vincent Finn, co-founder and CEO of Aurora, explains how the MGA, named after the Northern Lights, plans to become the one-stop shop of all SME commercial lines using algorithmic insights.

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: