View the 2010 IIS Awards Ceremony Journal - International ...

QBE Insurance Group Limited
QBE is an international general insurance and reinsurance group underwriting most
commercial and personal lines of business through operations in 47 countries.
Operations overview
Australian
operations
General insurance operations
throughout Australia providing all major
lines of insurance cover for personal
and commercial risks.
Asia Pacific
operations
General insurance in 15 countries in the
Asia Pacific region providing personal,
commercial and specialist insurance
covers, including professional and
general liability, marine, corporate
property and trade credit.
European
operations
Lloyd’s Division
The third largest manager of capacity
and provider of capital at Lloyd’s, writing
commercial insurance and reinsurance
business in the Lloyd’s market.
QBE Insurance Europe
General insurance business in the UK,
Ireland and 15 countries in mainland
Europe. Also writes reinsurance
business in Ireland.
the Americas
General insurance and reinsurance
business in the Americas. Head office
is in New York with operations in
North, Central and South America and
Bermuda.
Equator Re
The Group’s captive reinsurer Equator
Re, provides reinsurance protection
to, and assists the management of
net exposure and capital levels for, the
majority of the operating entities owned
by the Group.
10-0070
QBE is proud and honoured to acknowledge the
induction of our CEO, Frank O’Halloran into the
International Insurance Society Hall of Fame.
A summary of QBE’s financial performance during
Frank O’Halloran’s tenure as CEO from 1998 - 2009
Gross written
premium
Combined
operating ratio
Insurance
profit
compound average annual growth of 21.6% to A$14,455 million
(US$13,000 million)
average of 87.8% over the past five years
compound average annual growth of 33.4% to A$2,064 million
(US$1,858 million)
Return on equity average of 19.2% per annum and 23.1% over the past five years
Shareholders’
funds
Market
capitalisation
Note: A$1.0 equivalent to US$0.9
QBE: key facts
compound average annual growth of 26.6% to A$10,222 million
(US$9,200 million)
up from A$2.3 billion in 1998 to A$21.8 billion (US$19.6 billion)
• Top 25 P&C insurer by net earned
premium
• Established in 1886 and listed on ASX
with Group head office in Sydney
To learn more about QBE visit www.qbe.com
QBE Insurance Group Limited ABN 008 485 014
Frank O’Halloran joined QBE in
1976 as Group Financial Controller and
became Chief Financial Officer in 1983.
In 1994 he became Chief Operating
Officer, and was appointed Chief
Executive Officer in 1998.
Mr O’Halloran has been instrumental in
the development and growth of the QBE
Group including overseeing more than
125 acquisitions in the last 25 years.
• Strong regulatory capital and
Standard & Poors rating of A+ for
main operating subsidiaries
• Comprehensive product range
© Getty Images
Constancy is a strength
CHARTS ITS COURSE
Profit & Losses 2009
Gross written premiums 6,379
Net earned premiums 5,763
Investment income (gross of expenses) 503
Operating income 372
Net income 370
in E millions
SCOR is the 5 th largest reinsurer in the world, practicing a traditional and cautious business approach
combined with conservative financial management. SCOR’S business strategy is based on a tripleengine
approach, its engines consisting of SCOR Global P&C, SCOR Global Life and SCOR Global
Investments, as well as on strong sectorial and geographical diversification. SCOR provides its clients
with cutting-edge technical services throughout the world in order to meet their security expectations.