QBE Europe reports improving COR and profits
GWP premium drops at provider in first half of 2015.
QBE Europe has posted a combined operating ratio of 85.8% for the first six months of 2015, an improvement on the 94.2% achieved in the same period last year.
The European division of QBE also reported a stronger underwriting result for the six month period, up from $117m [£74.5m] in 2014 to $236m this year.
The insurance profit was up from $98m at the start of 2014 to $278m in the past six months.
The better figures came despite a drop in gross written premium to $2.66bn (H1 2014: $2.71bn).
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