QBE Europe reports increase in COR due to weakened sterling
Australian insurer QBE has reported an increase in its combined operating ratio for its European division and a dip in it profits in the year 2016.
QBE's European Division's combined operating ratio rose to 93.6% in 2016 from 89.1% in 2015 due to a weakening in sterling value and increased catastrophe experiences.
However, excluding the discount
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