Top 20 Spotlight - 14: QBE Insurance (Europe)

- By Insurance Post Staff
- 25 Sep 2008
- Indicative reading time: 1 minute

UK HEAD OFFICE Plantation Place 30 Fenchurch Street London EC3M 3BD Tel: 020 7105 4000 ...

UK HEAD OFFICE

Plantation Place
30 Fenchurch Street
London EC3M 3BD
Tel: 020 7105 4000
www.qbeeurope.com

A year in the news

October - December 2007

- October: Announces launch of QBE Ireland following the integration and rebranding of its three Irish primary insurance businesses - DA Constable Syndicate (Ireland), Ensign and QBE Insurance.

- October: Is named one of the companies to provide insurance cover for the London 2012 Olympic and Paralympics Games.

- November: Announces rebrand of Limit, Ensign and MBP under the QBE name, and the launch of its new product and distribution structure. Changes effective from 1 January 2008.

January - March 2008

- March: Unveils its rehabilitation panel: Argent Rehabilitation, Corpore, Harrison Associates and HCML selected.

- March: Consolidates casualty and speciality boxes at Lloyd's

April - June 2008

- May: Insurance Australia Group finally rejects parent QBE's takeover bid, describing it as "inadequate and incomplete".

- May: Signs six-year contract with Network Rail to provide working layer property, business interruption, cross-class general liability and employers' liability insurance above Network Rail's captive retention.

July - September 2008

- July: Named as main insurer on the Grand Pier Weston-super-Mare fire and appoints Teceris to investigate the remains.

- September: Opens full service office in Bristol which adds property, casualty and motor offerings to its menu. Chris Parker is appointed commercial manager to lead the development of the team and product base.

FACTS AND FIGURES

European operations GWP: £2.1bn

European operations pre-tax profit: £376m

UK regional offices: Seven (excluding London head office)

Worldwide offices: 15 in Europe and a presence in 45 other countries

Key personnel: Steven Burns, chief executive officer; John Neal, chief operating officer; David Winkett, chief financial officer; Peter Grove, chief underwriting officer; Phil Dodridge, chief actuarial officer

Main business lines: Casualty, property, motor, specialty, aviation, reinsurance, marine, energy

Employees: 2500 in QBE European Operations and 10,000 in QBE Insurance Group

Recent sales/acquisitions: Acquire PMI Mortgage Insurance in Australia and New Zealand and enters into principle agreement to acquire PMI Mortgage Insurance Asia (August 2008); completes North Pointe acquisition (May 2008)

Year company established: UK presence since 1904

Source: QBE.

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