QBE Ventures

QBE Ventures is the corporate venture capital arm of QBE Insurance Group, a top-20 global insurance and reinsurance company operating in 37 countries. Launched in 2018 and headquartered in Sydney with an additional office in New York, QBE Ventures invests globally in early-stage technology companies that can reshape the insurance industry. The fund is led by CEO James Orchard and Managing Director Ted Stuckey, supported by a focused investment team. QBE Ventures targets Seed through Series C rounds with check sizes ranging from $2 million to $10 million and an average around $6 million. Sector focus spans insurtech, claims automation, cyber insurance, AI and machine learning, data analytics, and document and workflow automation. The fund combines financial investment with strategic partnership, leveraging QBE's underwriting data, distribution network, and market relationships to help portfolio companies scale. Across approximately 20 disclosed investments, notable portfolio companies include Snorkel AI (AI data-labeling infrastructure, which raised a $100 million Series D in May 2025), Hyperscience (document AI and data extraction), Converge Insurance (cyber insurance platform), and Reserv (insurance claims platform). QBE Ventures differentiates itself by ensuring portfolio companies gain direct access to QBE's global business lines as strategic test environments and distribution channels, not just financial backing. This operating leverage accelerates go-to-market timelines and provides startups with reference customers at enterprise scale. The fund remains one of the most active insurance-focused corporate venture vehicles globally, backing companies across the US, Australia, and Europe.