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Our underlying business strategy is to maintain operations in the key global insurance markets and, where possible, to be a lead underwriter for selected lines of business.
QBE's strategy of diversification by product and geographical exposure is fundamental to managing our insurance and reinsurance risks and has been a vital ingredient in the Group's success. We have developed a unique QBE culture which is based on six core values and effective risk management practices and controls.
We aim to grow the business through our existing extensive networks and acquisitions of insurance businesses, portfolios and teams of underwriters that meet our stringent criteria for minimum return on equity and EPS accretion in the first year of acquisition. QBE Group has successfully delivered more than 135 acquisitions since our first acquisition in 1982 and has grown substantially over the last 10 years. QBE's gross written premium was US$16.3 billion in 2014.
We are a business insurer with operations in the UK, Europe, Canada and UAE as well as Lloyd's.
Active in both the Lloyd's and company market, we are a leading specialist in London market and European commercial lines business.
With hundreds of specialist product lines, we are confident we can provide you with a competitive solution that is right for your business.
We're well known for our healthy appetite for risk and willingness to work flexibly in partnership with brokers.
We don't believe that one size fits all. Nor are we influenced by what others do. From policy inception through to claims settlement, we apply our energy and expertise to really understanding our clients' needs. It's this attention to detail that enables us to tailor the solution that's exactly right for them.