QBE Insurance
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| QBE Insurance Group Limited | |
 |
|
| Type | Public ASX: QBE |
|---|---|
| Founded | 1973 |
| Headquarters |  Australia |
| Key people | Mr John Cloney (Chairman, Director) Mr Francis M O'Halloran (Director, CEO) |
| Industry | Insurance |
| Products | General and reinsurance services |
| Employees | 7,900 at 27 Feb 2007 |
| Website | www.qbe.com |
QBE Insurance Group Limited ASX: QBE is an Australian based general insurance provider, providing insurance services mainly to the Asia Pacific region, but also America and Europe. It has offices in 44 countries.
One of the largest companies in Australia, QBE has market capitalisation of AU$27billion, and represents 2.22% of the ASX 200 index. The company reported a 2006 profit of $1.483billion. [1]
QBE was listed on the Australian Stock Exchange in 1973 from the merger of Queensland Insurance, Bankers' and Traders' Insurance Company, and The Equitable Probate and General Insurance Co. [2]
Since then, QBE has continued to aquire many companies. For example in February 2007, it aquired Mexican insurer Seguros Cumbre SA de CV, whose net tangible assets were estimated at $26million. [3]
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