QBE will move £500m of business, around 20% of its European operation, out of the UK in the wake of Brexit.
More insurers have posted swingeing losses as a result of the discount rate cut.
Live reactions from the market to the decision to slash the discount rate (please bear with us as this page can take 30 seconds to load).
Post looks at Flood Re as it approaches its anniversary
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Find out who ranks highest in the Top 100 UK insurers in Post’s 2016 countdown. The data, produced in association with AM Best, lists firms based on their financial returns.
As expected by AM Best, Chinese and Japanese companies ranked high. The largest Korean company was ranked seventh, and the largest Australian company followed at eighth.
A lack of large natural disasters, favourable exchange rates and a number of sizeable mergers have seen many of the top 30 European insurers weather the tough environment and climb the rankings complied by AM Best
The ranking of broking groups is based on research carried out in April and June 2016.