QBE Insurance Group has announced the appointment of Vivek Bhatia as Chief Executive Officer (CEO) of Australian and New Zealand Operations (ANZO).
Bhatia joins QBE from icare, the NSW Government public financial corporation and one of the largest social insurers globally with more than AU$30 billion in assets and AU$6.7 billion in income.
He will form part of the Group Executive Committee and is set to succeed Pat Regan who was appointed Group Chief Executive Officer in September 2017 from the role of Chief Executive Officer, ANZO.
Regan said of the appointment; “I am very excited that Vivek is joining QBE and the executive team. He brings a wealth of experience across the insurance and management consulting sectors with a track record in large scale business and cultural transformation.
“He reflects QBE’s passion for building customer and employee satisfaction and is well credentialed to leverage the strong platform in the Australia and New Zealand business.”
Prior to his appointment, Bhatia played a critical role in the formation of icare in 2014 and was appointed as the inaugural CEO and Managing Director.
Before working for icare he co-led the Asia Pacific Restructuring and Transformation practice at McKinsey & Company and acted as CEO for Australian Underwriting Operations at Wesfarmers Insurance.
Bhatia, who will join QBE in the first quarter of 2018 and will be based in Sydney, said; “I feel very privileged to take on this important leadership role at QBE, where I started my insurance journey 15 years ago. I am very excited at the opportunity to further enhance the strong position QBE has in these markets.”
Regan added; “I would like to thank Inder Singh, Chief Financial Officer, ANZO for his stewardship as Interim Chief Executive Officer ANZO while the executive search process was completed. Inder will return to his Chief Financial Officer responsibilities and support Vivek as he transitions into the Chief Executive Officer role.”