QBE European Operations History and Structure Contents Page nos 2 History of QBE in Europe 3 Our people in European Operations (2,580) 4 QBE European Operations underwriting structure 5 European Operations – Executive Committee 6 QBE European Operations portfolio mix 7 European Operations underwriting and distribution structure 8 Retail 9 International Markets 10 QBE Re 11 Distribution and Relationship Management 12 Disclaimer 13 Key Slides/S03/EO History and Structure/v25 History of QBE in Europe Offices established The North Queensland Insurance Company formed Merger with Bankers and Traders Insurance Company 1904 1959 1971 North Queensland Insurance Company acquires Equitable Probate and General Insurance 1973 1997 QBE formed, taking the initials from Queensland, Bankers and Equitable 1998 Germany and Spain Italy Czech Republic Slovakia France London 1886 Hungary and Ukraine 1999 2000 2004 2005 Key Slides/S03/EO History and Structure/v25 2006 Ensign Greenhill acquired Underwriting Group acquired Limit plc acquired Iron Trades acquired Canada and Dubai Denmark Minibus Plus acquired British Marine Holdings acquired Acquisitions made 3 Sweden and Switzerland 2007 2009 Carlife acquired Endurance Property business acquired Burnetts acquired Evergreen brand purchased 2010 2012 Secura acquired Brit Insurance UK regional Commercial Insurance renewal rights acquired Our people in European Operations (2,580) Belgium 85 Czech Republic 19 Denmark 15 Ireland 42 France 86 Germany 24 Hungary 84 Italy 33 Slovakia 69 Spain 21 Sweden 8 Switzerland 5 Ukraine 30 Total 521 Canada 36 UK 1,989 Japan 2 Dubai 10 Thailand 1 Singapore 11 4 Key Slides/S03/EO History and Structure/v25 Australia 10 QBE European Operations underwriting structure QBE Insurance Group Australian and New Zealand Operations Asia Pacific Operations QBE Re (Europe) Limited European Operations North American Operations QBE Insurance (Europe) Limited QBE Underwriting Limited QBE Syndicate 2999 QBE Reinsurance Syndicate 566 5 Key Slides/S03/EO History and Structure/v25 QBE Marine and Energy Syndicate 1036 QBE PCM Syndicate 1886 Latin American Operations QBE Casualty Syndicate 386 QBE Aviation Syndicate 5555 European Operations – Executive Committee Richard Pryce Chief Executive Officer QBE EO David Winkett Philip Dodridge Colin O’Farrell Jonathan Parry Joe Gordon Dominic Clayden Cheryl Curtis Chief Financial Officer Chief Risk Officer Chief Underwriting Officer International Markets Chief Underwriting Officer QBE Re Chief Operating Officer Claims Director Chief Human Resources Officer 6 Key Slides/S03/EO History and Structure/v25 QBE European Operations portfolio mix Property 27.9% Marine, Energy and Aviation 17.5% Public/Product Liability 20.2% Motor and Motor Casualty 11.9% Professional indemnity 10.5% Employers' Liability 5.8% Financial and Credit 2.1% Accident and Health 2.4% Agriculture and Bloodstock 0.1% Other 1.6% Gross earned premium by class of business 2013 7 Key Slides/S03/EO History and Structure/v25 European Operations underwriting and distribution structure Richard Pryce Chief Executive Officer TBA Chief Underwriting Officer Retail 8 Colin O’Farrell Chief Underwriting Officer International Markets Key Slides/S03/EO History and Structure/v25 Jonathan Parry Chief Underwriting Officer QBE Re Chris Wallace Director Distribution and Relationship Management Retail Chief Underwriting Officer (TBA) UK and IRELAND Matthew Crane 9 Key Slides/S03/EO History and Structure/v25 EUROPE Jerry Probert Financial Lines & Specialty Casualty David Harries International Markets Chief Underwriting Officer Colin O’Farrell Managing Director Sam Harrison Canada, Middle East Neila Buurman Marine Tim Pembroke British Marine Tim Harris 10 Key Slides/S03/EO History and Structure/v25 Natural Resources & Political Peter Burton Property Sam Harrison Casualty David Fitzpatrick Aviation Paul Letherbarrow QBE Re Chief Underwriting Officer Jonathan Parry QBE Re (Europe) Limited Syndicate 566 (London) Tim Barber Paul Horgan Peter Wilkins 11 Key Slides/S03/EO History and Structure/v25 Dublin Padraig Kelly Brussels Jan Leflot Luc Boghe Distribution and Relationship Management Director Chris Wallace Broker Development Stephen Brown 12 Key Slides/S03/EO History and Structure/v25 Client Engagement and Multinational Jeff Carr Risk Management Richard Thomas Disclaimer 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 forwardlooking 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. 13 Key Slides/S03/EO History and Structure/v25 Thank you