QBE Insurance Group
QBE Insurance Group Limited is one of the top 25 insurers and reinsurers worldwide with operations in all key global insurance markets. QBE is an Australian listed company with a Group Head office based in Sydney, and has operations in 47 countries with over 13,000 staff worldwide. Our underlying business strategy is to maintain operations in the key global insurance markets and, where possible, to be a lead underwriter for selected lines of business, setting rates and conditions in the markets in which we operate.
QBE Group's strategy of diversification by product and geographical exposure is fundamental to managing our insurance and reinsurance risks and has been a vital ingredient in the Group’s success. We have developed and embedded a unique QBE culture throughout the organisation based on key essential behaviours and applying effective risk management practices and controls.
We aim to grow the business through our existing extensive networks and acquisitions of insurance businesses, portfolios and teams of underwriters that meet our stringent criteria for minimum return on equity and EPS accretion in the first year of acquisition. QBE Group has successfully delivered more than 125 acquisitions since our first acquisition in 1982 and has grown substantially, particularly over the last 10 years. QBE's gross written premium was $14.5 billion in 2009.
Contact: Adrian Gilbert (adrian.gilbert@uk.qbe.com)
