Monday, February 28, 2011
(New York, N.Y.) - QBE Insurance Group released its 2010
financial results today. In regard to the Americas Division, gross
written premium totaled $5.165 billion in 2010, an increase from
the $4.0 billion written in 2009. The Americas 2010 combined
operating ratio was 89.7 percent, unchanged from the previous
year.
"QBE the Americas continues to focus on its
core strategy, delivering sound returns to its shareholders,
through the continued product and geographic diversification of our
portfolio," says John Rumpler, President and CEO of QBE the
Americas. "The quality acquisitions undertaken in the U.S. and
Latin American markets in 2010, together with a focus on improving
the efficiency and effectiveness of our existing businesses, have
supported the performance of the division.
"The investments we are making in product,
process and technology will enhance and improve our delivery of
greater value and service to our clients and intermediary partners.
Along with the benefits from the recently announced acquisitions to
be completed during the first half of 2011, this sets the Americas
Division to build further on our profitability objectives," Rumpler
says.
For more detailed financial results for QBE
Insurance Group and its Americas Division, download the annual
report and market release on qbe.com.
QBE Insurance Group Limited is one of the top
25 insurers and reinsurers worldwide. Headquartered in Sydney,
Australia, QBE operates out of 49 countries around the globe, with
a presence in every key insurance market. The Americas Division,
headquartered in New York, conducts business through various
property and casualty insurance subsidiaries in eight countries.
QBE Insurance companies are rated "A" (Excellent) by A.M. Best and
"A+" by Standard and Poor's.
