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QBE announces 19% profit hike for first half of 2009

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CEO O'Halloran confident after average premium rate increases around 4% and European GWP increases by 26%.

QBE Group has reported record profits of A$1.02bn (£510.8m) in the first half of the year, marking a 19% increase on the figure for the first half of 2008.

Gross written premium for the insurer's

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