QBE Insurance Group Limited (ASX: QBE)

QBE Insurance Group Limited is an insurance and reinsurance company from Australia. The company specializes in writing general insurance and reinsurance, managing Lloyd’s syndicates, and overseeing investments. It has three main segments: North America, International, and Australia Pacific.

In North America, QBE operates in the United States, dealing with general and crop insurance, as well as reinsurance. The International segment covers general insurance in the UK, Europe, and Canada. It also engages in reinsurance and general insurance through Lloyd’s, providing these services globally from locations in the UK, US, Ireland, Bermuda, Dubai, and mainland Europe, in addition to offering personal and commercial insurance in parts of Asia including Hong Kong, Singapore, Malaysia, and Vietnam.

The Australia Pacific arm of QBE is focused on general insurance within Australia, New Zealand, and the Pacific islands.

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QBE has seen a rise in revenues by 10.21% year on year, from AUD 18.87 billion to AUD 20.80 billion, with net income also increasing significantly by 130.83% from AUD 587 million to AUD 1.36 billion. The company was incorporated in 1970 and, as of the last report, employs approximately 13,480 staff.