QBE Insurance Group (QBE)
QBE Insurance Group on the ASX Stock Exchange
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QBE is one of the world’s largest insurance companies providing general insurance and
reinsurance services in
The Americas &
In Australia, The pacific, Asia and central Europe, QBE provides all the key lines of insurance
cover for commercial and personal risks to 24 countries in this region.
In America the main operations are managed out of New York and cover both reinsurance and
general insurance to regions such as Panama, Mexico, Peru, Brazil and Argentina.
In Europe QBE provides diversified general insurance and reinsurance operations in the UK,
Ireland and mainland Europe.
QBE’s investment arm is handled in house with only around 2% of the investments being
outsourced. In January 2008 QBE Insurance signed an agreement to acquire North Point Holdings for $US146 Million.
North Point Holdings Corporation is a NASDAQ listed property and casualty insurer.
QBE Insurance Group Quick Facts (as of Jan 2012)
- Chairman: Mr Belinda Hutchinson
- CEO: Mr Frank O'Halloran
- Industry Group: Insurance
- Shares on issue: 1,115,545,692
- Market Cap: $14,568,345,378