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

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QBE Insurance Group Ltd (ASX: QBE) Latest News

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About QBE Insurance Group Ltd (ASX: QBE)

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.

Director Transactions

Data provided by Morningstar.
Date Director Type Amount Value Notes
26 Nov 2020 Michael (Mike) Wilkins Buy 5 $55,251
26 Nov 2020 Tan Le Buy 783 $8,119
26 Nov 2020 Stephen Fitzgerald Buy 2 $24,908
26 Nov 2020 Brian Pomeroy Buy 2 $22,419
26 Nov 2020 Rolf Tolle Buy 2 $24,193
26 Nov 2020 Kathryn (Kathy) Lisson Buy 2 $22,108
26 Nov 2020 Eric Smith Buy 783 $8,119
25 Sep 2020 Rolf Tolle Issued 105 $1,035
05 Jun 2020 Rolf Tolle Buy 1 $15,186
05 Jun 2020 Stephen Fitzgerald Buy 1 $16,252
05 Jun 2020 Brian Pomeroy Buy 1 $14,111
05 Jun 2020 Michael (Mike) Wilkins Buy 3 $33,151
05 Jun 2020 Kathryn (Kathy) Lisson Buy 1 $13,920
20 May 2020 Michael (Mike) Wilkins Issued 3 $30,002
20 May 2020 John Green Issued 3 $30,002
20 May 2020 Jann Skinner Issued 3 $30,002
20 May 2020 Stephen Fitzgerald Issued 3 $30,002
20 May 2020 Patrick (Pat) Regan Issued 3 $30,002
13 May 2020 Patrick (Pat) Regan Issued 370 $2,719,763
24 Apr 2020 Rolf Tolle Buy 10 $79,500
23 Apr 2020 Kathryn (Kathy) Lisson Buy 6 $47,700
09 Apr 2020 Rolf Tolle Issued 653 $5,641
09 Apr 2020 Patrick (Pat) Regan Issued 20 $188,358
09 Apr 2020 Patrick (Pat) Regan Issued 25 $218,177
11 Mar 2020 Jann Skinner Buy 10 $111,000
11 Mar 2020 Michael (Mike) Wilkins Buy 20 $223,000
06 Mar 2020 Michael (Mike) Wilkins Buy 1 $20,792
06 Mar 2020 Stephen Fitzgerald Buy 2 $35,161
06 Mar 2020 William Marston (Marty) Becker Buy 5 $67,675
06 Mar 2020 Brian Pomeroy Buy 2 $30,882
06 Mar 2020 Rolf Tolle Issued 2 $33,016
06 Mar 2020 Kathryn (Kathy) Lisson Buy 2 $30,515
04 Mar 2020 Patrick (Pat) Regan Exercise 111 $1,443,730
04 Mar 2020 Patrick (Pat) Regan Buy 111 $1,443,730
20 Feb 2020 Patrick (Pat) Regan Transfer 100 $1,511,000
20 Feb 2020 Patrick (Pat) Regan Transfer 100 $1,511,000
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Directors & Management

Data provided by Morningstar.
Name Title StartDate Profile
Mr Michael (Mike) John Wilkins Non-Executive Chairman,Non-Executive Director Sep 2020
Ms Jann E Skinner Non-Executive Director Oct 2014
Ms Tan Le Non-Executive Director Sep 2020
Mr John M Green Non-Executive Deputy Chairman,Non-Executive Director Mar 2010
Mr Stephen Fitzgerald Non-Executive Director Oct 2014
Sir Brian Pomeroy Non-Executive Director Jun 2014
Mr Rolf Tolle Non-Executive Director Mar 2016
Ms Kathryn (Kathy) Lisson Non-Executive Director Sep 2016
Mr Eric Smith Non-Executive Director Sep 2020
Ms Carolyn Scobie Company Secretary,Group General Counsel Jan 2016
Mr Peter Smiles Deputy Company Secretary
Mr Richard Pryce Interim Group Chief Executive Officer Oct 2020
Peter Smiles Deputy Company Secretary
Vivek Bhatia Chief Executive Officer, Australia Pacific
Richard Pryce Chief Executive Officer, International
Todd Jones Chief Executive Officer, North America
Carolyn Scobie Company Secretary,Group General Counsel
Inder Singh Group Chief Financial Officer
Matt Mansour Group Chief Information Officer
Peter Grewal Group Chief Risk Officer
Jason Brown Group Chief Underwriting Officer
Vivienne (Viv) Bower Group Executive, Corporate Affairs and Sustainability
Margaret Murphy Group Executive, People & Change
Richard Pryce Interim Group Chief Executive Officer
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Top Share Holders

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 480,919,280 36.84%
J P Morgan Nominees Australia Pty Limited 299,640,500 22.95%
Citicorp Nominees Pty Limited 128,810,050 9.87%
National Nominees Limited 100,296,935 7.68%
BNP Paribas Nominees Pty Ltd (Agency Lending DRP A/C) 29,813,902 2.28%
BNP Paribas Noms Pty Ltd (DRP) 23,024,911 1.76%
HSBC Custody Nominees (Australia) Limited (NT Comnwlth Super Corp A/C) 9,926,353 0.76%
Citicorp Nominees Pty Limited (Colonial First State Inv A/C) 9,369,629 0.72%
Argo Investments Limited 7,512,406 0.58%
HSBC Custody Nominees (Australia) Limited GSCO ECA 6,223,460 0.49%
CPU Share Plans Pty Ltd (QBE Ves Control A/C) 4,161,160 0.32%
AMP Life Limited 3,405,149 0.26%
Netwealth Investments Limited (Wrap Services A/C) 1,724,220 0.13%
Mutual Trust Pty Ltd 1,660,413 0.13%
Nulis Nominees (Australia) Limited (Navigator Mast Plan Sett A/C) 1,336,596 0.10%
Navigator Australia Ltd (MLC Investment Sett A/C) 1,301,896 0.10%
BNP Paribas Noms (NZ) LTD (DRP) 1,276,001 0.10%
The Senior Master Of The Supreme Court (Common Fund No 3 A/C) 1,228,740 0.09%
Warbont Nominees Pty Ltd (Unpaid Entrepot A/C) 977,686 0.07%
HSBC Custody Nominees (Australia) Limited A/c 2 946,018 0.07%
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