QBE's Profit Recovery Looks Likely on Much Higher Premiums

QBE Insurance is an international property and casualty insurance company with over USD 14.5 billion of annual gross written premiums. It writes about 30% of its annual premiums in its home region of Australia and New Zealand, which accounts for more than half of the groups underwriting profit. Other key markets include North America, Europe, and Asia Pacific. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of 100’s of acquisitions over decades.