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AIG subsidiary Blackboard adds Uwe Schoberth from QBE

6th June 2019

AIG subsidiary Blackboard Insurance has brought in Uwe Schoberth to focus on market relationships and bolster the company’s expanding go-to-market strategy. Schoberth, who joins from QBE Group, will apply his background in the commercial insurance industry to enhance Blackboard’s connection with brokers in this market to help clients better manage risks ... Read the full article

David McMillan departs QBE to become CEO at esure

17th May 2019

esure Group plc has announced that David McMillan, current Group Chief Operating Officer at QBE, is to join the company as Chief Executive Officer (CEO) in August 2019. McMillan joined QBE in September 2017 and has since been based in the re/insurer’s London office. Prior to this, he was CEO for Europe ... Read the full article

AIG appoints QBE’s Kathleen Zortman to lead Private Client Group

5th April 2019

Global re/insurer AIG has appointed Kathleen Zortman as President and Chief Executive Officer of Private Client Group, General Insurance. Based in New York, Zortman will lead AIG’s global high net worth portfolio, with responsibility for strategy, underwriting and distribution for the company’s private client business. She joins from QBE Insurance Group where ... Read the full article

QBE to phase out thermal coal exposure in climate action push

2nd April 2019

Global re/insurer QBE Insurance Group has announced that it plans to stop insuring thermal coal projects as part of its recently implemented climate plan to mitigate the effects of global warming. CEO Patrick Regan explained that from 1 July 2019, QBE will exclude any new direct insurance services for new construction ... Read the full article

MS&AD, QBE and Nephila among investors of climate data startup Jupiter

21st March 2019

Mitsui MS&AD, QBE and Nephila are among the Series B investors of predictive data and analytics startup Jupiter. Founded in 2017, Jupiter announced recently that its Series B round of funding raised $23 million and stated the money would be put to work further expanding its climate risk-centred business. “Influential investors from ... Read the full article

Amynta adds QBE’s Bob James as Exec VP, MGAs

7th March 2019

Amynta, a group created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee businesses, has appointed Bob James as Executive Vice-President, Managing General Agencies. James, who will report to Chief Executive Officer of the Amynta Group Stuart Hollander, joins with over 30 years’ experience ... Read the full article

QBE returns to profit on lower cat impact & improved attritional claims ratio

25th February 2019

QBE Insurance Group Limited has reported a net profit after tax of $390 million (which includes $567 million of profit from continuing operations) for 2018 compared with a loss of $1.3 billion in 2017, driven by a significantly improved attritional claims experience as well as a reduced level of catastrophe ... Read the full article

QBE to enhance underwriting decisions using Cytora’s risk rating tech

7th January 2019

Global re/insurer QBE Insurance Group has adopted Risk Engine technology from artificial intelligence (AI) company Cytora to enhance underwriting decisions across its commercial portfolio. QBE explained that its partnership with Cytora will enable UK customers to purchase cover more efficiently, using Cytora’s predictive insights to recommend and tailor products to better ... Read the full article

QBE European Operations’ post-Brexit plans approved by High Court

2nd January 2019

QBE European Operations, part of the QBE Insurance Group, has announced the implementation of its post-Brexit plans after its Part VII transfers came into effect in the New Year. A Part VII transfer is essentially a court-sanctioned legal transfer of some or all of the policies of one company to another QBE ... Read the full article

QBE benefits from early reinsurance renewal as it restructures placement

11th December 2018

Australian and global primary insurance and reinsurance group QBE said it has benefited from favourable terms and better pricing by getting to market early with its 2019 reinsurance renewal. The insurer said that by hitting the market early it has been able to achieve lower pricing, avoiding any uptick in market ... Read the full article

QBE European Operations adds trio of underwriters to trade credit team

6th December 2018

QBE European Operations, part of the QBE Insurance Group, has added three underwriters to its trade credit team as it seeks to take advantage of the Brexit-driven increase in demand for trade credit cover. According to recent Association of British Insurers (ABI) figures, trade credit insurance claims in the UK have ... Read the full article

QBE to combine Asian and European operations in efficiency drive

5th November 2018

Australia domiciled insurer QBE has announced that its Asian and European operations are to be combined into a new International division as part of a drive for greater efficiency in the company. Additionally, a new Australia Pacific division will encompass operations in Australia, New Zealand, the Pacific and India, meaning Asia ... Read the full article

QBE sells Australian travel insurance business to nib

6th August 2018

QBE Insurance has sold its Australian travel insurance business to nib Holdings in an effort to “simplify and strengthen” its business, according to QBE Australia and New Zealand Chief Executive Officer (CEO), Vivek Bhatia. The decision was made following an extensive review of QBE Travel and its alignment to QBE’s strategic ... Read the full article

Former Aspen CEO Postlewhite named Deputy Global CUO, QBE Re

26th June 2018

QBE Insurance Group has announced the appointment of Stephen Postlewhite as Deputy Global Chief Underwriting Officer (CUO) of its specialty reinsurance arm, QBE Re. Postlewhite is set to join the firm on November 1st, 2018, and will report to Chief Underwriting Officer for Reinsurance, Jonathan Parry. He joins the company from Aspen ... Read the full article

QBE Europe granted license by National Bank of Belgium

29th May 2018

Australia domiciled insurer QBE has taken a major step in securing continued passporting rights across the European Economic Area (EEA) post-Brexit, after its new Belgian subsidiary, QBE Europe SA/NV (QBE Europe), was granted a license by the National Bank of Belgium (NBB). QBE Europe will leverage the existing base that QBE ... Read the full article