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QBE Insurance Group history
QBE Insurance Group company history timeline
QBE Insurance Group origins from 1886 and is Australia’s largest international general insurance and reinsurance group and one of the top 20 insurers and reinsurers worldwide as measured by net earned premium, with operations in all key insurance markets.
Originally called the North Queensland Insurance Co, QBE was founded in 1886 in Townsville, in northern Queensland by two Scottish migrants, James Burns], founders of shipping company Burns Philp and Company.
QBE Insurance Group was founded in 1973 and is headquartered in Sydney, Australia.“
In 1991, QBE and the trading company Burns Philp ended their 105-year-old partnership when they unwound their cross-shareholdings in each other.
For example, in February 2007, it acquired Mexican insurer Seguros Cumbre SA de CV, whose net tangible assets were estimated at $26 million, and American insurer General Casualty Insurance.
QBE Insurance Group Limited gross written premium £11,400 million to year end December 2011
In 2011, QBE purchased Balboa Insurance of California from the Bank of America.
Richard Pryce is currently the Interim Group CEO, with QBE announcing Andrew Horton will assume the role of Group CEO, commencing September 2021.
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QBE Insurance Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Claims Management Resources | 1988 | $8.0M | 100 | - |
| National General Insurance | 1939 | $5.6B | 8,440 | - |
| Zurich | 1872 | $160.0M | 200 | 1,226 |
| The Hanover Insurance Group | 1852 | $5.2B | 4,600 | 163 |
| Kingsway America | - | $78.4M | 9 | - |
| CNA Insurance | 1897 | $9.4B | 6,700 | 378 |
| Rural Community Insurance | 1980 | $16.4M | 35 | - |
| Citizens Property Insurance | 2002 | $2.8B | 1,353 | - |
| Scottsdale Insurance | 1982 | $820.0M | 1,350 | 12 |
| Grange Insurance | 1935 | $1.3B | 2 | 16 |
QBE Insurance Group history FAQs
Zippia gives an in-depth look into the details of QBE Insurance Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about QBE Insurance Group. The employee data is based on information from people who have self-reported their past or current employments at QBE Insurance Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by QBE Insurance Group. The data presented on this page does not represent the view of QBE Insurance Group and its employees or that of Zippia.
QBE Insurance Group may also be known as or be related to QBE Insurance Corp, QBE Insurance Group, QBE Insurance Group Limited, QBE Reinsurance Corp and Qbe Insurance.