QBE Insurance Group Limited
() is an Australian
based general insurance provider, providing insurance services mainly to the Asia Pacific region, but also America
(QBE European Operations). It has offices in 45 countries. Although the company is widely diversified, it is weighted towards property, motor vehicle and marine insurance.
One of the largest companies in Australia
, QBE has market capitalisation of A$18.6 billion, and represents 2.22% of the ASX 200
index. The company reported a 2009 profit of $1.970 billion.
QBE was listed on the Australian Stock Exchange
in 1973 from the merger of Q
ueensland Insurance, B
ankers' and Traders' Insurance Company, and The E
quitable Probate and General Insurance Co.
Since then, QBE has continued to acquire many companies. For example in February 2007, it acquired Mexican
insurer Seguros Cumbre SA de CV, whose net tangible assets were estimated at $26million. QBE Insurance is also known for its sponsorship of sports teams, including the Sydney Swans
of the Australian Football League
, the NSW Swifts
of netball's trans-Tasman ANZ Championship
, the Perth Glory
of the Hyundai A-League
and provincial New Zealand Rugby team, North Harbour
.QBE is also the current Insurance Partner for English Premiership
Rugby Union and are Official Insurance Partner of . . They employ approximately 13,000 people worldwide.
Frank O’Halloran, the CEO of the company, has been with the company for over thirty years. He was appointed chief financial... Read More