QBE Insurance Group

QBE to cut 700 jobs

QBE is to cut up to 700 positions across Europe, Australia and the US over the next few years.

Profits up at QBE

QBE has reported an 8% rise in net profit after tax to US$761m [£501.8m] for 2012 along with gross written premiums (GWP) of $18.4bn, up a modest 1% on 2011.

QBE to close Reading office

QBE is to close its office in Reading as part of a reorganisation of its relationship management structure for brokers and clients in the South of England.