The History of QBE For more than 130 years, QBE has played a prominent role on the world insurance stage, continually innovating to meet the dynamic challenges of a global market. While personal and business risk have certainly changed over time, the company’s underwriting expertise and discipline have remained steadfast. As an integrated specialist insurer, QBE combines global strength, applied expertise and an experience of excellence delivering market-leading and proprietary products for its clients across the United States and around the world. Today, QBE is one of the largest insurers and reinsurers worldwide, trading in all major markets - New York, Chicago, San Francisco, London, Hong Kong and Sydney. In 1886, two young Scotsmen, James Burns and Robert Philp, forged the company’s foundation, establishing The North Queensland Insurance Company Limited (QI) in Sydney, Australia becoming the first company to insure vessels across two continents. In 1921, Burns founded the Bankers’ and Traders’ Insurance Company (B&T), with Queensland Insurance being the largest shareholder. “Bankers” was derived from the Royal Bank of Canada-owned Montreal Trust Company, which also had a stake in the new venture. The name Traders was taken from the Burns and Philp-founded South Sea Islands trading firm, Burns Philp and Company, which also had a shareholding in the insurance firm. In 1959, QI and B&T each purchased 40% of The Equitable Probate and General Insurance Company, with Burns Philp taking the other 20%. In 1973, QI and B&T merged and created QBE Insurance. QBE Insurance Group Limited (ASX:QBE) has a rich and storied insurance history dating back to the cobblestone streets and commercial shipping docks of Sydney, Australia in the late 1880’s.

The History of QBE · The History of QBE For more than 130 years, QBE ... worldwide, trading in all major markets - New York, Chicago, San Francisco, London, Hong Kong and Sydney

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The History of QBE

For more than 130 years, QBE has played a prominent role on the world insurance stage, continually innovating to meet the dynamic challenges of a global market.

While personal and business risk have certainly changed over time, the company’s underwriting expertise and discipline have remained steadfast.

As an integrated specialist insurer, QBE combines global strength, applied expertise and an experience of excellence delivering market-leading and proprietary products for its clients across the United States and around the world.

Today, QBE is one of the largest insurers and reinsurers worldwide, trading in all major markets - New York, Chicago, San Francisco, London, Hong Kong and Sydney.

In 1886, two young Scotsmen, James Burns and Robert Philp, forged the company’s foundation, establishing The North Queensland Insurance Company Limited (QI) in Sydney, Australia becoming the first company to insure vessels across two continents.

In 1921, Burns founded the Bankers’ and Traders’ Insurance Company (B&T), with Queensland Insurance being the largest shareholder. “Bankers” was derived from the Royal Bank of Canada-owned Montreal Trust Company, which also had a stake in the new venture. The name Traders was taken from the Burns and Philp-founded South Sea Islands trading firm, Burns Philp and Company, which also had a shareholding in the insurance firm.

In 1959, QI and B&T each purchased 40% of The Equitable Probate and General Insurance Company, with Burns Philp taking the other 20%. In 1973, QI and B&T merged and created QBE Insurance.

QBE Insurance Group Limited (ASX:QBE) has a rich and storied insurance history dating back to the cobblestone streets and commercial shipping docks of Sydney, Australia in the late 1880’s.