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QBE anticipates exhausting FY22 catastrophe allowance
21st November 2022
QBE Insurance Group Limited expects to incur full-year 2022 catastrophe losses of around AUD 1.06 billion, which is above its catastrophe allowance for the year of AUD 962 million. The Australian insurer has released a trading update for the third-quarter of 2022, which highlights that elevated catastrophe activity has continued through ... Read the full article
QBE Re’s Larson named BMS Re’s Managing Director, Co-Head of casualty broking
16th November 2022
Specialty reinsurance broker, BMS Re, has appointed Christopher Larson as managing director, co-head of casualty broking, effective immediately. Within this role, Larson will be based in New York, where he will report to Sean Ryan, deputy chief executive officer, and immediately contribute to the continued build out of BMS Re’s North ... Read the full article
QBE NA hires Laura Coppola as Chief Underwriting Officer
14th November 2022
QBE North America has appointed Laura Coppola as Chief Underwriting Officer. Coppola is based in New York and will serve on North America's Executive Management Board. As Chief Underwriting Officer, she will be responsible for portfolio optimization and management across QBE North America. She will lead a fully integrated, efficient and world-class team dedicated to enhancing underwriting ... Read the full article
QBE Intl. promotes Stokoe and Fuller to exec management board
1st November 2022
Australia's QBE Insurance has announced the promotion of both Ceri Stokoe and Nathan Fuller to roles that see the pair join the firm's International Executive Management Board, effective December 1st, 2022, subject to regulatory approval. Stokoe, who joined QBE in 2016 as the Head of Application Services, later becoming Director of ... Read the full article
QBE expands Canada office with new hires
21st October 2022
QBE has announced the appointment of Troy Wiebe as Casualty Underwriter and Jasper Hageman as Property Underwriter, as well as the promotion of Fiona Bui to Underwriting Support Team Lead. According to QBE with these new hires it expands its Vancouver office, which opened in 2015, to grow its Western Canada ... Read the full article
QBE Intl. makes two senior appointments within US marine team
18th October 2022
QBE International Markets has made two appointments within its US marine insurance team. The company has announced that Sean Dollahon has been appointed as Vice President, US Marine Manager, and Katie McCord has been appointed as Vice President, Senior Marine Underwriter. Dollahon brings nearly twenty years of industry experience towards his new ... Read the full article
QBE secures DNB approval and makes five senior hires for Netherlands branch
13th October 2022
Following approval now granted from the DNB (De Nederlandsche Bank), QBE has announced that it can now proceed with its plans to written business in the Netherlands incepting from January 2023. Plans for the branch were first announced in June, earlier this year. At the same time, QBE has announced its ... Read the full article
QBE sells Irish portfolio renewal rights to Ascot
28th September 2022
Australia headquartered insurer QBE has announced the sale of select Irish Casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal from underwriting certain Republic of Ireland-domiciled direct insurance business. Under the terms of the deal, ... Read the full article
QBE appoints Gill Rhodes as Regional Underwriting Manager to expand UK financial lines
14th September 2022
QBE has announced the appointment of Gill Rhodes as Regional Underwriting Manager to expand its UK financial lines capabilities. Rhodes holds two decades of financial lines underwriting experience and joins from Chubb, where she was Northern Region Financial Lines Manager. In the newly created role, Rhodes will be responsible for QBE’s Financial Lines ... Read the full article
QBE Re to make Chris Killourhy managing director from September
18th August 2022
QBE Re has said that Chris Killourhy is to become the new managing director of the firm from the beginning of September. The move, still subject to regulatory approval, will see Killourhy move from his current role as chief financial officer for QBE International. Jason Harris, CEO of QBE International, said: “We ... Read the full article
QBE profits drop on huge investment loss
11th August 2022
QBE announced statutory net profit after tax of $151 million for the first half of 2022, compared with $441 million in the same six-month period last year. The drop mainly owed to an H1 investment loss of $840 million, versus a return of $58 million last year, which QBE said had ... Read the full article
QBE faces USD 75m remediation cost as policy pricing promise ‘not fully delivered’
20th July 2022
Australian insurer QBE will record a USD 75 million pre-tax remediation cost in 1H 2022 as part of its investigation into pricing practices, which is part of a wider industry review by the Australian Securities and Investment Commission (ASIC). QBE has been investigating pricing practices dating back numerous years, across various ... Read the full article
QBE announces Hobson as Head of Surety, UK
8th July 2022
Insurer QBE has announced the appointment of Leroy Hobson as its new Head of Surety, UK. Leroy has over 25 years experience in the surety market, having held Head of Surety roles at Zurich, Chubb and Aon. In his new role he will be responsible for driving profitable ... Read the full article
QBE Re makes promotions and appointments at NY office
5th July 2022
Reinsurance firm QBE Re has announced several promotions and appointments for its New York office. Salvatore Sama has been appointed head of US financial and professional lines and casualty treaty. He joined QBE Re in April 2021 as senior vice president and head of US financial and professional lines from Swiss ... Read the full article
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