- CEO
- David Andrew Horton
- Full Time Employees
- 13,479
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- 388 George Street Sydney NSW Australia 2000
- IPO Date
- Jun 23, 1973
- Business
- QBE Insurance Group Limited is a global specialist insurer and reinsurer headquartered in Sydney, Australia, founded in 1886. The company underwrites a broad spectrum of general insurance and reinsurance products and services, including commercial and domestic property insurance; agriculture and crop insurance; public and product liability insurance; motor and motor casualty insurance; professional indemnity; workers' compensation; accident and health insurance; financial and credit insurance; marine, energy, and aviation insurance; as well as specialty insurance products. QBE also provides risk management, claims, underwriting, and rehabilitation services. It operates through three main geographic segments: Australia Pacific, North America, and International, which includes the United Kingdom, Europe, Asia, Canada, Bermuda, and others. The group distributes its products via insurance brokers, agents, telephone, and online channels.
In the latest developments, QBE has engaged in a $1.6 billion reserve de-risking transaction with RiverStone International and Enstar Group that reduces its exposure to North American reserve liabilities, primarily related to discontinued commercial liability and workers' compensation programs, enhancing capital efficiency. During the first half of 2024, the company more than doubled its profit, reflecting operational improvements. QBE continues to expand its risk management solutions and innovates in underwriting specialty lines such as cyber liability and accident and health insurance. It maintains a strong focus on underwriting expertise and claims service, including specialist underwriting teams for aviation insurance comprising professionals with industry operational experience. QBE employs over 13,000 people across 26 countries and manages Lloyd’s syndicates, continuing to grow its footprint in key regions through a diversified insurance product portfolio.
Thus, QBE stands as a comprehensive, diversified insurer and reinsurer with a strategic emphasis on operational excellence, geographic diversification, and specialized product offerings within the global general insurance market. Its recent strategic transactions improve risk management and capital stability, reinforcing its position among the world’s top 20 insurance companies.