QBE Syndicate 2999 Annual Report and Accounts 2009
QBE Syndicate 2999 Annual Report and Accounts 2009
QBE Syndicate 2999 Annual Report and Accounts 2009
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Major events in <strong>2009</strong><br />
• Growth achieved with financial<br />
performance maintained in challenging<br />
market conditions, notably via our<br />
distribution channels of UK National<br />
<strong>and</strong> Europe coupled with some small,<br />
bolt-on acquisitions.<br />
• <strong>QBE</strong> became the official insurance<br />
partner of both Engl<strong>and</strong> RFU <strong>and</strong> the<br />
Guinness Premiership, the world’s<br />
most competitive domestic rugby<br />
union competition. These sponsorships<br />
will help drive an increase in br<strong>and</strong><br />
awareness <strong>and</strong> enhance the growth<br />
potential of our distribution channels.<br />
European markets<br />
Lloyd’s security<br />
Irel<strong>and</strong><br />
Casualty<br />
& energy<br />
Marine<br />
<strong>and</strong> Motor<br />
<strong>and</strong> Energy<br />
<strong>2009</strong> GWP<br />
£2.6<br />
billion<br />
<strong>and</strong> Specialist<br />
London market<br />
Reinsurance<br />
Property<br />
<strong>QBE</strong> Company security<br />
• Leveraged Lloyd’s licences to start up<br />
new local offices in Dubai <strong>and</strong> Canada.<br />
• Embedded advanced risk management<br />
activities in readiness for Solvency II.<br />
• Planned <strong>and</strong> initiated a substantial,<br />
multi-year programme of change<br />
<strong>and</strong> rationalisation of our IT <strong>and</strong><br />
operational l<strong>and</strong>scape, designed to<br />
put us at the forefront of delivering<br />
a market leading service proposition<br />
to our brokers <strong>and</strong> clients.<br />
• Substantial investment in our<br />
in-house talent <strong>and</strong> leadership<br />
<strong>and</strong> OpenUp programmes.<br />
UK National<br />
EO’s product focused underwriting divisions<br />
allow it to leverage the breadth <strong>and</strong> depth<br />
of its capabilities in a coordinated <strong>and</strong><br />
focused way.<br />
This means brokers <strong>and</strong> clients have access to:<br />
• A wider distribution network<br />
• All expertise in one place<br />
• A choice of Lloyd’s paper or<br />
company paper<br />
• The strength <strong>and</strong> size of <strong>QBE</strong><br />
• The individuals who underst<strong>and</strong><br />
their business<br />
03<br />
<strong>QBE</strong> <strong>Syndicate</strong> <strong>2999</strong><br />
<strong>Annual</strong> report <strong>2009</strong>
Change language