The Motley Fool

QBE Insurance Group Ltd (ASX: QBE) Share Price and News

() Chart and Price Data

(20 mins delayed)

.

Price
Bid/Ask /
Volume
Avg Daily Volume
Day Movement
Day High/Low /
52 Week Range -
Year Return (Capital)
As at

QBE Insurance Group Ltd (ASX: QBE) was established back in 1886 by two shipping business partners in Queensland. Originally known as the North Queensland Insurance Company (QI), the business grew rapidly in its first years of operation, expanding into the United Kingdom and Asia.

During the 1920s, the pair also established Bankers’ and Traders’ Insurance Company (B&T). The son of one of the founders took over the running of both businesses following the deaths of the original owners. He continued to further expand the companies throughout Asia as well as across New York, Montreal and Cairo.

During the 1950’s to 1970’s, QI and BT embarked on a period of significant expansion and acquisition, purchasing large stakes in the Equitable Probate and General Insurance Company. In what was often regarded at the time as one of the biggest corporate mergers in Australian history, in 1973 the three companies merged to become QBE. It was at that time, QBE Australia listed on the ASX and became a division of QBE Group.

Since listing, QBE has continued to grow and diversify its business through numerous acquisitions. The company provides a broad range of insurance products across personal, business, corporate, and institutional markets. QBE provides a diverse range of home, car and personal insurance as well as specialist policies tailored to the needs of specific industries such as agriculture, marine, aviation, and professional liability insurance. QBE is also involved in insurance underwriting and reinsurance.

QBE is now Australia’s second largest international insurer and has over 11,000 employees in more than 25 countries around the world.

The QBE share price was hit hard by the March 2020 crash, falling from highs of over $15 in February 2020 to under $7.50 in March. The QBE share price spent the majority of the six months following the March crash trading under $10.

QBE Insurance Group Ltd (ASX: QBE) Latest News

Your instant 5-share winning portfolio

Want to beat the market? You can start right here. More »


3 ASX 100 movers to watch

Expanding business in Asia and a North American business restructuring are opening investment opportunities. More »


It is time to buy these 3 insurance stocks?

Acquisitions and business restructuring are happening while the insurance industry environment is improving. More »


Did you see the ASX 100 top 3 gainers for the week?

Insurance, healthcare and energy held the top spots last week. More »


QBE Insurance Group Limited releases full-year results: Is it time to buy?

The question for investors is whether the upside potential outweighs the downside risks. More »


Has QBE Insurance Group Limited’s share price bottomed?

The worst may now be behind the global insurer. More »


The best insurance stocks on the ASX

Suncorp, QBE and IAG are the best options for Foolish investors. More »


Why investors could be overlooking QBE Insurance Group Ltd

Despite the negatives, QBE Insurance still has a lot going for it. More »


The stock picker’s guide to QBE Insurance Group Ltd in 2014

What you need to know to profit off QBE Insurance in 2014. More »


The tale of 2 insurers

These insurers have travelled the high and low roads over 2013. More »


Can these 6 blue-chip stocks turn it around in 2014?

Leighton, Newcrest, Oz Minerals, Qantas, QBE, and Worley ready for a turnaround? More »


What’s next for QBE Insurance Group Ltd?

Could things get even worse before they get better? More »


Stocks have been falling – what should investors do?

Investors have experienced a rough beginning to 2014. More »


Brambles, CSL, QBE: How have they performed compared to the Aussie dollar?

Companies with exposure to US dollar revenues should benefit from a weakening AUD. Here are the details on three such companies. More »