QBE Insurance Group Limited is an international insurer and reinsurer that underwrites general insurance and reinsurance risks for personal, commercial, corporate, institutional and multinational customers worldwide. Founded in 1886 and headquartered in Sydney, Australia, the company operates in 26 countries across North America, International (including Europe, Hong Kong, Singapore, Malaysia and Vietnam) and Australia Pacific divisions; it offers commercial and specialty products such as multinational flexible multi-class solutions, natural resources insurance for oil and gas risks, pension trustees' liability, property, cyber insurance across 11 business categories, reinsurance including QBE Re treaty capabilities, personal lines including home and motor, small and medium enterprise coverage, crop insurance, lenders mortgage insurance and risk management solutions. In 2025, QBE reduced its catastrophic reinsurance retention threshold from $400 million to $300 million and secured $250 million in multi-year collateralised capital via its first catastrophe bond in over a decade to address North American peak risks; it issued Tier 2 capital including $500 million in April and A$600 million in May to replace $900 million in Additional Tier 1 notes, strengthened cyber insurance through partnerships with cyber-tech firms, exited its North American homeowners portfolio for an $18 million gain, appointed Neil Maidment as a non-executive director in February while Rolf Tolle retires in May, renewed a five-year £420 million capacity deal with a London MGA, entered a three-year referral arrangement with Thriday for small business insurance and reported half-year gross written premiums up 6% to $13.8 billion with a combined operating ratio of 92.8%.