QBE Group History and structure

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QBE GroupHistory and structure

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Contents

Page nos

QBE Group’s vision 3

How QBE was formed 4

QBE Group – Operations overview 5

QBE Group Underwriting structure 6

QBE Group worldwide portfolio mix 7

QBE Group business mix: portfolio and segment 8

Our people strategy 9

Our values 10

Disclaimer 11

Key Slides/01/QBE Insurance Group, History & Structure/v25

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QBE Group’s vision

QBE has a vision to be the most successful global insurer and reinsurer in the eyes of our customers, our people, our shareholders and the community

• We make it possible for our customers to turn their business ambitions into reality

• We make it possible for our people to realise their abilities and potential

• We make it possible for our shareholders to grow their long-term wealth

• We make it possible for the communities in which we operate to develop and prosper

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How QBE was formed

1886

1904

1959

1971 Today

QBE formed, taking the initials from

Queensland, Bankers and Equitable

Acquired EquitableProbate and General

Insurance

London Office formedNow 36 agencies across

the world

QBE Origins – Sydney Australiaknown as North

Queensland Insurance Co

Merged with Bankers and Traders Insurance

Company

1973


5

QBE Group – Operations overview

NorthAmerican

Operations

EuropeanOperations

Australian and New Zealand

Operations

QBE Insurance Group

Asia Pacific Operations

LatinAmerican

Operations


6

QBE Group Underwriting structure

North American Operations

CEODavid Duclos

EuropeanOperations

CEORichard Pryce

Australian and New Zealand Operations

CEOColin Fagen

Asia Pacific Operations

CEODavid Fried

Chief Executive Officer

QBE Group

John Neal

LatinAmerican

Operations

CEOJose Sojo


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Gross earned premium by class of business

QBE Group worldwide portfolio mix

Property 34.2%

Motor and Motor Casualty 16.1%

Public/Product Liability 8.9%

Agriculture and Bloodstock 11.4%

Employers' Liability 8.5%

Marine, Energy and Aviation 7.1%

Financial and Credit 3.7%

Accident and Health 3.6%

Professional indemnity 6.2%

Other 0.3%


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QBE Group business mix: portfolio and segment

Worldwide portfolio mix – gross earned premium Segmental analysis – gross earned premium

Divisional focus:

• North American Operations: general insurance and reinsurance in the US and Bermuda

• European Operations: commercial insurance and reinsurance

• Australian and New Zealand Operations: general insurance for commercial and personal risks

• Latin American Operations: general insurance and specialised classes of business

• Asia Pacific Operations: personal, commercial and specialist covers

• Investments: management of our investment funds

North American Operations 34.1%

European Operations 29.0%

Australian & New Zealand Opera-tions 25.7%

Latin American Operations 7.5%

Asia Pacific Operations 3.6%


Property 34.2%

Motor and Motor Casualty 16.1%

Public/Product Liability 8.9%

Agriculture and Bloodstock 11.4%

Employers' Liability 8.5%

Marine, Energy and Aviation 7.1%

Financial and Credit 3.7%

Accident and Health 3.6%

Professional indemnity 6.2%

Other 0.3%

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Our people strategy

• Promote and enhance the ONE QBE culture across the Group

• Retain and attract quality people

• Offer competitive remuneration and rewards that encourage our people to perform to the highest standards whilst focusing on longer term commitment to retain and reward our key managers and senior employees

• Align employee performance with company objectives

• Develop our own talent and ensure succession planning is in place

• Provide an effective company-wide communication strategy that keeps our people informed

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Our values

Open minded

Networked

Empowered

Quality approach

Business acumen

Excellent outcome

O

N

E

Q

B

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The information contained herein has been prepared by QBE Insurance Group Limited or one of its subsidiaries (“the QBE Group”). Such information is confidential and is being provided to you solely for your information. It is not intended to create any duty towards you or any other business or legal relationship. The QBE Group makes no warranty or representation of any kind in respect of this information, in particular as to its accuracy, completeness, timeliness or suitability for your purpose. To the fullest extent permitted by law, the QBE Group disclaims any responsibility or liability for any loss or damage suffered or any costs incurred arising out of or in connection with your reliance on the information contained herein.

Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of QBE. The inclusion of such forward-looking information shall not be regarded as a representation by QBE or any other person that the objectives or plans of QBE will be achieved. QBE undertakes no obligation to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise.

By accepting a copy of this presentation, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer.

The reproduction or transmission of all or part of this document, whether by photocopying or storing in any medium by electronic means or otherwise, without the written permission of the owner, is prohibited.

© QBE European Operations 2014.

Disclaimer


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QBE Group History and structure