QBE Insurance Group Limited operates as an international general insurance and reinsurance group. The company underwrites commercial and personal lines classes of business through operations in 45 countries. Operations The company primarily has operations in Australia, the Asia Pacific, Europe, and the Americas. Australian Operations The company conducts general insurance operations throughout Australia providing various major lines of insurance cover for personal and commercial risks. The company provides insurance covers, such as property; professional indemnity; general liability; marine, energy and aviation; householders; accident and health; motor vehicle; lenders’ mortgage insurance; workers’ compensation; travel; compulsory third party; and credit and surety. Asia Pacific Operations The company provides general insurance in 15 countries in the Asia Pacific region providing personal, commercial, and specialist insurance covers, including professional and general liability, marine, corporate property, and trade credit. It also provides other insurance covers, such as property; workers’ compensation; motor & motor casualty; engineering; financial and credit; professional indemnity; householders; liability; travel; and accident and health. European Operations The European operations comprise general insurance business written in the United Kingdom, Ireland, and 15 countries in mainland Europe. It also includes general insurance and reinsurance business written in the Lloyd’s market and reinsurance business written through its Dublin office. The company provides insurance covers, such as marine, energy & aviation; property treaty; public/product liability; workers’ compensation; professional indemnity; motor and motor casualty; financial and credit; property facultative and direct; and accident and health. The company has operations in mainland Europe, in Bulgaria, the Czech Republic, Denmark, Estonia, France, Germany, Hungary, Italy, Macedonia, Romania, Slovakia, Spain, Sweden, and Switzerland. It also has seven regional offices in the United Kingdom in Birmingham, Bristol, Chelmsford, Glasgow, Leeds, Manchester, and Stafford. The Americas The company conducts general insurance and reinsurance business in the Americas. This business comprises the specialty insurance programmes, regional insurance, and reinsurance businesses in the U.S. and its four general insurance operations in Argentina, Brazil, Colombia, and Mexico. The company provides insurance covers, such as motor and motor casualty, property, casualty, workers’ compensation, accident and health, householders, and bloodstock. The specialty insurance programme business focuses on niche products mainly written through managing agents who have a track record of profitability. It also includes managing agents, namely, ZC Sterling Corporation, Community Association Underwriters of America Inc., Deep South group of companies, and SIU LLC. Its regional insurance business comprises property and casualty products that focus on small to medium size clients throughout the U.S. and distributes insurance products to independent and captive agents. The reinsurance business covers small to medium regional insurers with an exposure to catastrophes or nationwide clients. Acquisitions In April 2008, the company acquired North Pointe Holdings Corporation, a property and casualty insurer in the U.S. In July 2008, the company acquired 90% of Sanderson Insurance Brokers Pty Limited. In October 2008, the company acquired PMI Mortgage Insurance Limited (PMI), a mortgage insurer for lenders writing business in Australia and New Zealand. In December 2008, the company acquired PMI Mortgage Insurance Asia Limited, a mortgage insurer for lenders writing business in Hong Kong. In December 2008, the company also acquired Burnett Holdings Inc, the U.S. based underwriting agency. History QBE Insurance Group Limited was founded in 1886.
qbe insurance group ltd
(QBE:Australian Stock Exchange Ltd)
8 Chifley Square
Sydney, NSW 2000
Phone: 61 2 9375 4670
Fax: 61 2 9375 4599www.group.qbe.com
|AMP Ltd||A$6.40 AUD||-0.04|
|Hannover Rueck SE||€90.97 EUR||-0.414|
|SCOR SE||€31.52 EUR||-0.11|
|Suncorp Group Ltd||A$13.12 AUD||+0.02|
|Chubb Corp/The||$98.31 USD||-0.82|
|View Industry Companies|
Sponsored Financial Commentaries
To contact QBE INSURANCE GROUP LTD, please visit www.group.qbe.com. Company data is provided by Capital IQ. Please use this form to report any data issues.