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QBE Group History and structure. Contents. QBE Group’s vision. QBE has a vision to be the most successful global insurer and reinsurer in the eyes of our customers, our people, our shareholders and the community
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QBE Group History and structure
QBE Group’s vision QBE has a vision to be the most successful global insurer and reinsurer in the eyes of our customers, our people, our shareholders and the community • We make it possible for our customers to turn their business ambitions into reality • We make it possible for our people to realise their abilities and potential • We make it possible for our shareholders to grow their long-term wealth • We make it possible for the communities in which we operate to develop and prosper
How QBE was formed QBE formed, taking the initials from Queensland, Bankers and Equitable 1973 Merged with Bankers and Traders Insurance Company Today 1971 Acquired Equitable Probate and General Insurance 1959 London Office formed Now 36 agencies across the world 1904 QBE Origins – Sydney Australia known as North Queensland Insurance Co 1886
QBE Group – Operations overview QBE Insurance Group Australian and New Zealand Operations Asia Pacific Operations European Operations North American Operations Latin American Operations
QBE Group Underwriting structure Chief Executive Officer QBE Group John Neal Australian and New Zealand Operations CEO Colin Fagen Asia Pacific Operations CEO David Fried North American Operations CEO David Duclos Latin American Operations CEO Jose Sojo European Operations CEO Richard Pryce
QBE Group worldwide portfolio mix Gross earned premium by class of business
QBE Group business mix: portfolio and segment Worldwide portfolio mix – gross earned premium Segmental analysis – gross earned premium • Divisional focus: • North American Operations: general insurance and reinsurance in the US and Bermuda • European Operations: commercial insurance and reinsurance • Australian and New Zealand Operations: general insurance for commercial and personal risks • Latin American Operations: general insurance and specialised classes of business • Asia Pacific Operations: personal, commercial and specialist covers • Investments: management of our investment funds
Our people strategy • Promote and enhance the ONE QBE culture across the Group • Retain and attract quality people • Offer competitive remuneration and rewards that encourage our people to perform to the highest standards whilst focusing on longer term commitment to retain and reward our key managers and senior employees • Align employee performance with company objectives • Develop our own talent and ensure succession planning is in place • Provide an effective company-wide communication strategy that keeps our people informed
Our values O Open minded N Networked E Empowered Q Quality approach Business acumen B Excellent outcome E