QBE Insurance Group Ltd (ASX: QBE) Share Price and News
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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
Tom Richardson | August 15, 2019 10:38am
The accident-prone QBE (ASX: QBE) could be on the right track. More »
James Mickleboro | August 11, 2019 7:47am
CSL Limited (ASX:CSL), Telstra Corporation Ltd (ASX:TLS), and Treasury Wine Estates Ltd (ASX:TWE) are amongst those reporting results next week... More »
Tom Richardson | August 8, 2019 10:33am
Insurance Australia Group Ltd (ASX: IAG) sees cash earnings fall 10%. More »
Ken Hall | July 31, 2019 10:35am
After being hammered during the 2018 Royal Commission, could the QBE Insurance Group Ltd (ASX: QBE) and NIB Holdings Ltd (ASX: NHF) share prices... More »
Tristan Harrison | July 19, 2019 4:52pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished higher on Friday. More »
Ken Hall | July 19, 2019 12:19pm
The QBE Insurance Group Ltd (ASX: QBE) share price has fallen into the red after the insurer announced a one-off liability increase of $60... More »
Brendon Lau | July 4, 2019 3:51pm
S&P/ASX 200 (Index:^AXJO) (ASX:XJO) shares in this sector could disappoint as we head into the August reporting season. Here are the ones to buy... More »
Brendon Lau | May 30, 2019 9:46am
The QBE Insurance Group Ltd (ASX: QBE) share price crash could be bottoming out with Morgan Stanley predicting that the stock is set to... More »
Motley Fool Staff | May 28, 2019 5:00pm
QBE Insurance Group Ltd (ASX: QBE): Buy, hold, sell? More »
Brendon Lau | May 28, 2019 3:36pm
This S&P/ASX 200 (Index:^AXJO) (ASX:XJO) stock is at risk of issuing a profit warning but JP Morgan thinks there is an easy way it... More »
James Mickleboro | May 28, 2019 2:04pm
The Domino's Pizza Enterprises Ltd (ASX:DMP) share price and the QBE Insurance Group Ltd (ASX:QBE) share price are two of four shares tumbling lower... More »
Brendon Lau | May 27, 2019 2:57pm
There are three S&P/ASX 200 (Index:^AXJO) (ASX:XJO) stocks facing more pressure than most today as leading brokers have moved to downgrade their recommendations the... More »