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Catalina General completes loss portfolio transfer from QBE

30th June 2022

Leading provider of retrospective reinsurance and capital solutions, Catalina Holdings (Bermuda) Ltd, has announced that its wholly owned Bermuda-domiciled reinsurance company - Catalina General Insurance Ltd has completed a previously announced loss portfolio transfer retrocession agreement with subsidiaries of QBE Insurance Group Ltd. The agreement relates to QBE’s legacy North American ... Read the full article

Moody’s shifts outlook on QBE from ‘negative’ to ‘stable’

27th June 2022

Moody’s has changed its outlook on QBE from negative to stable, affirming its A3 issuer rating. At the same time, Moody’s said it affirmed the A1 insurance financial strength ratings (IFSR) of QBE's main operating subsidiaries and had changed the outlooks to stable from negative. Moody’s said in a note: “The change ... Read the full article

QBE to roll out products from CyberCube

21st June 2022

Australia-headquartered insurer and reinsurer QBE has announced plans to roll out a range of products from cyber risk analytics firm CyberCube, including its Account Manager and Portfolio Manager platforms. In addition, QBE will be utilising the CyberCube Academy, the firm’s training offering, as well as accessing CyberCube’s enhanced Concierge service. “As one ... Read the full article

Postlewhite to stand down as QBE Re Managing Director

16th June 2022

QBE has announced that Steve Postlewhite, Managing Director of QBE Re, has decided to leave the business following a four-year tenure. Peter Wilkins is to assume the role of interim Managing Director and will oversee QBE Re’s new global alignment strategy and development plans, which were disclosed back in May. The ... Read the full article

QBE to drive EU expansion with branch in the Netherlands

10th June 2022

Australian insurer and reinsurer, QBE Insurance Group Limited has announced plans to set up a branch in the Netherlands. The planned branch will play a major role in the company’s European expansion plans. QBE has noted that recruitment is underway to fill a number of different key roles for the Netherlands branch, ... Read the full article

QBE hires Bannocks as Group Chief Data Officer

31st May 2022

QBE Insurance Group has appointed Christopher Bannocks to the new position of Group Chief Data Officer (GCDO). As GCDO, Bannocks will lead QBE’s enterprise data capabilities, with responsibility for defining and implementing the company’s data strategy and agenda. This new role will also allow him to work closely with central and regional ... Read the full article

QBE and MS First Capital lose Singaporean Covid-19 case

24th May 2022

A court in Singapore has ruled that insurers must pay out under their commercial insurers’ policies for losses arising from Covid-19 lockdowns. According to the Straits Times, a Singaporean newspaper, that country’s High Court has found QBE Insurance and MS First Capital Insurance liable to indemnify the owner of Le Meridien ... Read the full article

QBE names Andy Fitzgerald as Director of UK Regions

10th May 2022

QBE has announced the appointment of Andy Fitzgerald as Director, UK Regions. Fitzgerald was previously QBE UK Insurance Division’s Regional Manager for the North Region, having joined QBE in 2012. In the newly created role, he will now be responsible for the leadership of the UK regions and focus on growing these ... Read the full article

Catalina General takes on loss portfolio transfer from QBE Insurance Group

6th May 2022

Reinsurance firm Catalina General has agreed with QBE Insurance Group’s subsidiaries for a loss portfolio transfer of QBE’s legacy North American Excess and Surplus (E&S) lines prior accident year liabilities. The deal is still subject to regulatory approvals and certain closing conditions. Steve Ryland, group head of global distribution for Catalina, said: ... Read the full article

QBE reports 19% premium growth, $75m Russia exposure

6th May 2022

Australian insurer and reinsurer, QBE Insurance Group Limited, has reported its financial results for the first quarter of 2022, while also commenting on its potential exposure to the conflict between Russia and Ukraine. The company experienced 19% growth in gross written premiums over Q1, with group-wide renewal rate increases averaging 7.9%. These ... Read the full article

QBE Re re-organises structure, changes senior execs

5th May 2022

QBE Re, the reinsurance arm of global insurer QBE Insurance Group, has announced significant changes to its organisational structure as part of a strategy to further align and unify the business under Managing Director, Steve Postlewhite. QBE Re will now coordinate the underwriting of all of its products, Property, Casualty, Accident ... Read the full article

QBE North America launches Specialty Casualty business unit

3rd May 2022

QBE North America has announced the launch of a Specialty Casualty business. The launch is part of the company’s strategy to invest in areas where the insurer can offer distinct advantages to business customers. QBE’s Specialty Casualty offering will include admitted and non-admitted primary, lead umbrella and excess liability products, targeting a ... Read the full article

QBE Europe makes Beatriz Valenti Director of Insurance

29th April 2022

QBE Europe, part of QBE Insurance Group – a global insurer and reinsurer, has named Beatriz Valenti as Director of Insurance. Based in Barcelona, Valenti will join QBE Europe on June 15, and will report to Managing Director, Insurance, Cécile Fresneau. Valenti will be taking over the role from Andrea Brock, who ... Read the full article

QBE makes Anna Bennett as director of underwriting for UK casualty

22nd April 2022

QBE has appointed Anna Bennett as director of underwriting for casualty for the UK. Anna will report to Chris Wallace, executive director of UK insurance and is based in London. Wallace, meanwhile, was appointed into his role in October last year. She has acted as interim director of underwriting for casualty ... Read the full article

QBE Re appoints Tim Barber as interim head of US Treaty

11th April 2022

QBE Re has appointed Tim Barber to be its interim head of US Treaty. The firm said that Barber would be replacing Chris Larson, who was stepping down for personal reasons. In his new role, Barber will be reporting to Steve Postlewhite, global managing director of QBE Re. Postlewhite said in a ... Read the full article