QBE 2015 profit grows on improved underwriting

Full-year 2015 profits were up 9 percent at QBE to $893mn, after
the group reported its best combined ratio since 2010.
Despite a 13 percent fall in net earned premiums to $12.2bn,
group underwriting profit grew by 34 percent to $731mn after all of
its divisions reported underwriting profits.
QBE's North American operation turned its first profit since
2011, at $30mn, while the emerging markets division also returned
to profitability with a positive result of $11mn.
The European division, which.