QBE hails “excellent” International COR of 88.7%
QBE International grew gross written premium by 11% to $9.84bn (£7.78bn) last year as the combined operating ratio improved.
The division spans UK and European commercial insurance, QBE’s Lloyd’s franchise, reinsurance business (QBE Re), and its Asian operations.
The insurer did not reveal a breakdown of UK figures.
However, if flagged the GWP growth in 2024 was “driven by targeted organic growth, and comparable momentum across International Markets, QBE Re and UK insurance”.
ServiceLast May, Chris Wallace, QBE Insurance’s executive director for the UK, told Insurance Age the business was reaping the benefits of focusing
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