QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
QBE Europe saw its underwriting result drop to A$282m for the 12 months ended 31 December 2009 (2008: A$470) on gross written premiums of $5.09bn (2008: $5.01bn).
The business reported a rise in
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