QBE expects Ogden hit of $62m
Provider reveals a flat GWP and an improved COR of 94.3% in its international division, which includes the UK, for the first half of 2019.
QBE has posted an adjusted underwriting result of $115m (£95m) in its international division for the first half of 2019 (H1 2018: $71m).
The division, which includes QBE’s European operations and its Asian business, also reported that its gross written premium (GWP) remained flat at $2.9bn.
The provider said in the statement that its European business had seen a 5% GWP increase in the six months to 30 June 2019.
Meanwhile adjusted combined operating ratio (COR) of the international division
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