NU Online News Service, July 3, 12:20 p.m. EDT

Despite Europe's economic woes and record catastrophe losses, the top 10 European insurers increased their written premiums in 2011 by 3 percent over the previous year, according to a report released by Fundación Mapfre.

According to the report, the top 10 non-life insurers increased gross premiums to €198 billion ($249 billion at the current exchange rate). That was an increase of €5.8 billion ($7.3 billion) from €192 billion ($242 billion) from 2010.

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