QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
In pounds sterling, its GWP was up 6% to £1.574bn, QBE added.
The group said growth benefited from "many new business initiatives", particularly in its casualty portfolios, and from favourable cross
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