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QBE sets sights on $5bn PCM target

QBE Europe's property, casualty and motor division has set its sights on becoming a $5bn (£3.03bn) business by the end of 2015. Ash Bathia, PCM chief underwriting officer, said the business is growing from its current premium level of $2.7bn, while still…

Mapfre Q1 profits climb 13.5%

Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.

Mapfre Q1 profits climb 13.5%

Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.

XL reveals Q1 $163m net loss

XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.

Howden boosts GWP by 45% with PYV buy

Howden Broking Group has grown its gross written premium on its professional indemnity and directors’ & officers’ liability books in the UK from £35m to just over £50m with the acquisition of PYV.

XL reveals Q1 $163m net loss

XL Group has blamed its net loss of $227.3m in the first quarter of the year on the high level of natural catastrophe-related claims in its property & casualty book.

MWA expands into Liverpool

Mercury West Associates said it has opened a new office in Liverpool to insure affluent business and sports professionals in the area.

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