QBE's UK regional and Europe GWP soars by 26%
European operations as a whole reported a rise in GWP of 20% for the first half of 2009
QBE’s UK and mainland Europe gross written premium has increased by 26% to A$442m (£211m) for the first half of 2009, compared with the same period last year.
GWP in the insurer’s European operations as a whole, including its Lloyd’s and London Market divisions, was A$3,147m (£1,503m), up 20% compared with the same period in 2008.
Net earned premium for QBE’s European operations was up 7% to A$1,680m (£803m). QBE said that European customer retention ratio exceeds 90% of the business it sought
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