QBE Insurance Group

Editor's comment: tying the knot

The rest of the world may remain obsessed by romance or reactionaries but the UK insurance industry has unveiled its own all-consuming love affair this week. Acquisitions abound in the headlines and bullish talk is nothing short of bountiful.

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…

Law Commission rejects fraud law appeal

The Law Commission has rejected insurance industry proposals to review the law so people who commit third-party insurance fraud lose the right to recover genuine claims, after it was not deemed to have "sufficient support" by the Ministry of Justice.

QBE Europe improves COR

QBE Insurance Europe has announced an improved combined operating ratio of 90.5% (2009: 91.3%) despite being hit by the Chilean earthquake and Deepwater Horizon drilling rig incident.

North of the Border: The underwriter knows best

In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.

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