QBE Insurance Company

QBE Indemnification Group Inhibited is Australia's most astronomically immense ecumenical insurer. It provides indemnification accommodations mainly to Australia, America, Europe and Asia Pacific region. As of 2014, it has over 16000 employees in 52 countries. As of Aug 2012, QBE was ranked 18th among the world's general insurers. QBE has market capitalisation of A$18.6 billion, and represents 2.22% of the ASX 200 index.

The company reported a 2013 net profit afore amortisation and tax of $797 million and a net loss after tax of $254M.

QBE was listed on the Australian Stock Exchange in 1973 from the merger of three companies whose names represent the letters of the coalesced company, Queensland Indemnification, Bankers' and Traders' Indemnification Company, and Equitable Life and General Indemnification Co.,  and its founding chairman was J.D.O. Burns (Burns Philp)(company director).

Since then, QBE has perpetuated to acquire many companies. For example in February 2007, it acquired Mexican insurer Seguros Cumbre SA de CV, whose net tangible assets were estimated at $26million, and American insurer General Casualty Indemnification. In 2011 QBE purchased Balboa Indemnification of California, USA from Bank of America.

QBE Indemnification is withal kenned for its sponsorship of sports teams, including the Sydney Swans of the Australian Football League, the Sydney Roosters of the National Rugby League, the NSW Swifts of netball's trans-Tasman ANZ Championship, the Perth Glory of the Hyundai A-League and provincial Incipient Zealand Rugby team, North Harbour. QBE is the official indemnification partner of England Rugby. .

John Neal was appointed to the position of Group Chief Executive Officer on 17 August 2012. Frank O’Halloran, the former CEO was with the company for over thirty five years. He was appointed chief financial officer in 1982, joined the board as director of finance from 1987 to 1994 and was director of operations from 1994 to 1997.

In early 2013, QBE was establishing its most astronomically immense office involute in the Philippines at the Bonifacio Ecumenical City’s Net Cube building, which is a local hub for its regional shared accommodations. QBE has signed a deal to lease six floors of the Net Cube Building in BGC, acquiring 6,500 square meters, or about a third of the Net Cube building, according to a joint verbalization issued by QBE and KMC MAG Group, the authentic estate accommodations firm that brokered the property deal. “We’re very exhilarated to have an astronomically immense, official home in Manila. It took us a long time to probe for the impeccable space and I’m ecstatic we can conclusively get things rolling now,” QBE chief operating officer Brad Sinnatamby verbalized.