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New UK Discount Rate Mars QBE Profits To Tune Of $156M

By William Shaw ( August 17, 2017, 5:08 PM BST) -- QBE Insurance Group Ltd., Australia's largest international insurer, on Thursday said net profit rose 30.2 percent in the first half of 2017 compared to the same period last year, but only after excluding a $156 million hit to its underwriting results caused by the new personal injury discount rate introduced in the U.K. in March....

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