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QBE Europe insurance profits crash 41% for 2013

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QBE Europe has seen its pre-tax insurance profits almost half for the last calendar year, dropping 41% from $327m to 2012.

The insurer reported an equivalent figure of $192m for last year, down 40%.

The figures come in spite of a marginal increase in gross written premium, which climbed 3% from $5077m to $5225m, while net

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