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Sir Keith Skeoch named Non-Exec Chairman for QBE European Operations
19th April 2023
QBE European Operations, part of QBE Insurance Group, has appointed financial services industry leader Sir Keith Skeoch as Non-Executive Chairman. In his new role, he will work closely with Jason Harris, CEO, QBE International to drive forward QBE’s strategic ambitions. He will be taking over from Tim Ingram, who has retired ... Read the full article
QBE Re appoints Andy Richardson as Head of Underwriting, Bermuda
13th April 2023
QBE Re, the reinsurance division of QBE Insurance Group, has announced that it has appointed Andy Richardson as Head of Underwriting for Bermuda. He will report to Tracey Gibbons, Head of QBE Re Bermuda and will take up the new role at the beginning of June subject to Bermuda immigration. In this ... Read the full article
Enstar closes $1.9bn LPT with QBE Insurance
11th April 2023
Legacy specialist Enstar Group's wholly owned subsidiaries have completed a Loss Portfolio Transfer (LPT) transaction with certain subsidiaries of QBE Insurance Group on a diversified portfolio of business. The transaction covers International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs. Under the LPT, Enstar’s ... Read the full article
Canopius hires QBE’s Sam Harrison as Group CUO
3rd April 2023
Global specialty re/insurer Canopius Group has appointed Sam Harrison as Group Chief Underwriting Officer (GCUO). Within the role, he will report to Neil Robertson - Canopius Group Chief Executive Officer, and he will also join the Canopius Group Leadership Team. Harrison joins the firm from QBE Insurance, where he served as GCUO ... Read the full article
QBE Re appoints Debbi Wood as Head of Claims
21st March 2023
Reinsurance firm QBE Re has announced that it has appointed Debbi Wood as Head of Claims, subject to regulatory approval. Wood will start her new role in April, where she will report to Mike East, Claims Director, QBE Europe. The new role will also see her become a member of the ... Read the full article
QBE North America promotes Foley to President of Commercial Insurance
15th March 2023
The North American division of global insurer QBE has announced that Michael Foley has been promoted to the position of President for its Commercial Insurance division. Foley most recently served as the Chief Underwriting Officer for QBE's Commercial Casualty business. In his new role, Foley will join QBE North America's Executive Management ... Read the full article
QBE reports FY net profit of $770m, cites resilient underwriting performance
17th February 2023
Australian headquartered insurer QBE has reported a net profit of $770m in its full year 2022 results, a $20m increase from the previous year. Adjusted cash profit after tax increased to $847m from $805m in 2021, resulting in an adjusted cash return on equity of 10.5%. QBE states that despite heightened inflation, ... Read the full article
Enstar to enter $1.9bn Loss Portfolio Transfer with QBE
17th February 2023
Enstar Group has announced that its wholly-owned subsidiaries have reached an agreement for a ground-up Loss Portfolio Transfer (LPT) with certain subsidiaries of QBE on a diversified portfolio of business. Enstar states that this business covers International and North American financial lines, European and North American reinsurance portfolios, and several US discontinued ... Read the full article
QBE launches Client Proposition team, names Matt Lacy as Director
10th February 2023
QBE has announced the establishment of a Client Proposition team and with immediate effect, the appointment of Matt Lacy in the newly create role of Director of Client Proposition. Lacy has over 20 years industry experience. He has been with QBE since 2002, holding a variety of positions including Head of ... Read the full article
QBE North America makes executive appointments
3rd February 2023
QBE North America has announced the appointments of Rachel Pollack as Chief People Officer and David Mulligan as Chief Operating Officer. In her new role, Pollack will be responsible for leading the development and implementation of the North America ... Read the full article
Scott Jacobs named Head of Core Claims for QBE European Operations
1st February 2023
QBE Europe, part of QBE Insurance Group, has announced the appointment of Scott Jacobs as Head of Core Claims, taking over from Nathan Fuller, who was recently appointed Chief Operations Officer, QBE International. In his new role based in Leeds, Jacobs will lead a department operating across multiple lines of business, ... Read the full article
QBE Asia’s P&I office rebrands to British Marine
29th December 2022
QBE Asia has announced that its protection and indemnity (P&I) office in Singapore will be rebranded as British Marine, as of January 1, 2023. QBE acquired British Marine in 2005. Founded in 1876, it is the largest fixed P&I insurance provider, specialising in marine insurance for owners of small, medium-sized and ... Read the full article
QBE Intl appoints Rob Stone as CFO
14th December 2022
QBE has appointed Rob Stone as Chief Financial Officer (CFO) for its International Division - QBE International. Stone has been with the company for over 14 years. Most recently, he managed Equator Re, QBE’s inward reinsurance facility, before stepping in to run International’s Finance, Actuarial and Legal function on an interim basis ... Read the full article
QBE launches W&I product in Europe
13th December 2022
QBE Europe, a business insurance specialist part of QBE Insurance Group, is expanding its financial lines offering with the launch of Warranty and Indemnity (W&I) insurance in the continent. It will offer protection for unknown breaches of target and seller representations and warranties in a purchase agreement. According to the announcement, the ... Read the full article
QBE underwriting profits to dip on reinsurance costs & inflation: Fitch
25th November 2022
Analysts at Fitch Ratings have warned that the underwriting profitability of QBE Insurance Group is expected to moderate over the next six to 18 months due to inflationary pressure and higher reinsurance costs. Fitch affirmed its Long-Term Issuer Default Rating (IDR) of 'A-' and Insurer Financial Strength (IFS) Ratings of 'A+' ... Read the full article