Insurance Post

QBE European GWP up 15% to $3.1bn after Brit acquisition

john-neal

QBE Europe has reported a 15% rise in gross written premium to $3.1bn (£1.98bn) for the first half of 2013 (H1 2012: $2.7bn) but a 40% fall in insurance profit to $105m (H1 2012: $175m).

Net earned premium increased by 11% to $1.7bn from $1.5bn last year or up 13% in local currency.

The Australian insurer said its GWP growth was largely due to the expansion of its London property

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