16. QBE Insurance

Gross written premiums less treaty (2000): £388m

Includes gross written premiums less treaty for:
QBE International Insurance £204.7m
Iron Trades Insurance Company £183.3m

QBE International Insurance

Gross written premiums less treaty (2000): £204.7m
Year established: 1983
Address: Corn Exchange
55 Mark Lane
London
EC3R 7NE
Tel: 020 7456 0000
Fax: 020 7680 1962
Website: www.qbe-insurance.com

History: QBE International Insurance Limited, formerly QBE Reinsurance (London), was incorporated in 1983 and is part of QBE Insurance Group Limited, a publicly traded international insurance and reinsurance business founded in 1886.

QBE has operations in over 35 countries with 5,000 employees.

Main classes of business insurance: Property, general liability, professional indemnity, engineering, leisure and sport, bloodstock, extended warranty, private medical insurance, treaty.

Iron Trades Insurance Co

Gross written premiums less treaty (2000): £183.3m
Year established: Origins traced back to 1898
Address:
Iron Trades House
21 Grosvenor Place
London SW1X 7JA
Tel: 020 7235 6033
Fax: 020 7245 6308

History: The Iron Trades Employers' Insurance Association was created in 1898 to fill the need for an insurer that understood the liability insurance of the iron and steel industries. Iron Trades was acquired by QBE International Insurance in February 2000. A strategic review of Iron Trades Insurance operations in the spring of 2000 was the catalyst for a major re-structuring programme resulting in renewed focus to core employers' liability business. QBE acquired Iron Trades to achieve a strong position as a leading employers' liability insurer in the UK. QBE and Iron Trades will further develop this class of business with a valued brand name

Main classes of general insurance business: Corporate and commercial risks

Notes: QBE Insurance (UK) excluded - ceased trading in 1992QBE Re UK excluded - reinsurance company