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Cyber attacks & financial risks named as biggest worry for mid-sized companies: QBE
21st September 2023
Cyber attacks and financial risks have been ranked as the biggest worries for mid-sized businesses, according to QBE North America. In their 2023 Mid-Sized Company Risk Report, QBE NA sheds light on the dynamic landscape of mid-sized businesses across the United States. The report, presents an in depth analysis of 12 macro ... Read the full article
QBE names Julie Wood as CEO of North America unit
21st September 2023
Global insurer QBE Insurance Group has confirmed the appointment of Julie Wood as Chief Executive Officer (CEO) of the company's North American division, a role she has held on an interim basis since August. Wood joined QBE Insurance in January of this year as Group Head of Distribution. She takes over ... Read the full article
QBE names Agarwal as Director of Underwriting & Portfolio Management for Europe
20th September 2023
Primary insurer QBE has announced that it has appointed Naintara Agarwal as the Director of Underwriting and Portfolio Management for Europe. Based in London, Agarwal brings a vast degree of industry knowledge and experience to the role, spanning more than 15 years. Her experience across the industry includes leadership roles in developing ... Read the full article
QBE launches cyber offering in Middle East, hires Marsh’s Sarah Hamlat to lead
18th September 2023
Primary insurer QBE has announced that it has launched a cyber offering in the Middle East as part of its global cyber growth strategy. According to the firm, the new offering forms part of QBE’s International Markets portfolio. At the same time, QBE has appointed Sarah Hamlat as Senior Cyber Underwriter to ... Read the full article
QBE Re appoints Mark Jackaman as General Manager, London
12th September 2023
QBE Re, the reinsurance subsidiary of the QBE Insurance Group, has announced the appointment of Mark Jackaman as General Manager, London. Jackaman brings over 25 years of experience to the role, with the last 11 of his career being with QBE Re. Most recently, he served as the Head of Casualty, London. ... Read the full article
QBE North America launches medical stop loss group captive program Agora
23rd August 2023
QBE North America has launched Agora, a group captive program with a focus on medical stop loss insurance targeting organisations with at least 50 employees that are focused on transparency and control of rising healthcare costs. Compared to other group captive programs in the marketplace, the “unique” structure of Agora provides ... Read the full article
Catherine Thomas joins QBE’s Equator Re and Blue Ocean Re
21st August 2023
Catherine Thomas has become the new Managing Director for QBE Blue Ocean Re & Equator Re and International Treasurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the captive reinsurer for its North American operations. Thomas joins QBE from AM Best, a credit rating agency, where she ... Read the full article
QBE’s H1’23 net profit soars to $400m on huge investment income
10th August 2023
QBE announced net profit after tax of $400 million for the first half of 2023, compared with $48 million in the same six-month period last year. The rise mainly owed to an H1 investment income of $662 million, versus a loss of $20 million last year, reflecting the significant increase in ... Read the full article
QBE North America and MGA Converge launch cyber insurance program
28th July 2023
QBE North America has announced the launch of a new cyber insurance program with Converge, a new managing general agent (MGA) that will act as program administrator. The program will be broken down into two separate distribution structures, ConvergeElements and ConvergeConnect. Each structure will have a distinct revenue focus and cyber ... Read the full article
MS Reinsurance hires QBE Re’s Hart Moede as Lead Underwriter
24th July 2023
Hart Moede has been appointed as Lead Underwriter for Treaty Casualty reinsurance business at MS Reinsurance, effective August 1. Based in New York, Moede joins MS Reinsurance after a near six year term at QBE Re where he currently serves as Vice President, Treaty Underwriter. He joined the firm in late 2017, ... Read the full article
QBE lifts FY catastrophe budget amid $700m in losses for H1 2023
20th July 2023
Primary insurer QBE has raised its FY 2023 catastrophe budget to around $1.33 billion as the firm reports an elevated net cost of catastrophes of roughly $700 million for H1 2023. In a recent H1 2023 results updated, the insurer highlights additional pressure on catastrophe costs following the series of North ... Read the full article
Peter Wilson joins QBE Board as Non-Exec Director
13th July 2023
Australian-headquartered re/insurer, QBE Insurance Group Limited has announced the appointment of Peter Wilson as a Non-Executive Director to the Group Board, effective 1 September. Wilson is an accomplished insurance executive and business leader with over four decades of experience, having served most recently as Chief Executive Officer of Axis Insurance, from ... Read the full article
Farrer Fisher becomes QBE’s Equator Re and Blue Ocean Re new CFO
19th June 2023
Hannah Farrer Fisher has been appointed Chief Financial Officer (CFO) of Equator Re and Blue Ocean Re, subsidiaries of QBE, an Australian-headquartered re/insurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the captive reinsurer for its North American operations. The new CFO joined QBE Insurance in 2022 ... Read the full article
James Haggerty named Head of Commercial Programs for QBE NA
8th June 2023
QBE North America, part of QBE Insurance Group Limited, has announced the promotion of James Haggerty to Head of Commercial Programs. In his new role, he will be responsible for building and strengthening the $1+ billion Commercial Programs portfolio, which includes both Property and Workers' Compensation programs. Haggerty will also lead the ... Read the full article
QBE and Sompo the latest re/insurers to quit NZIA
26th May 2023
QBE and Sompo Holidngs have both announced their resignations as a member organisation from the Net Zero Insurance Alliance. This news takes the total now exited from the NZIA to nine major insurance and reinsurance players. The QBE and Sompo Holdings exits come right after two other big firms, namely AXA ... Read the full article
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