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QBE appoints Kevin Shallow as Executive Director, Intl. Markets
27th February 2024
Australian insurer QBE has named Kevin Shallow as Executive Director for International Markets (IM). Subject to regulatory approvals, he will start his new role on March 4th, 2024. Previously, Shallow developed QBE’s portfolio solutions underwriting unit in the London market and managed it until 2022, driving significant growth. He will take ... Read the full article
QBE shrinks main cat XoL reinsurance tower, adjusts aggregate protection at renewal
16th February 2024
Australian insurer QBE opted to shrink the size of its main catastrophe excess of loss (XoL) reinsurance tower by $400 million at the renewals to $2.7 billion with an unchanged retention of $400 million, while the retention on its aggregate protection came down to $500 million. Announcing its full year ... Read the full article
QBE’s annual profit more than doubles to $1.36bn
16th February 2024
Australian insurer QBE has announced a 2023 full-year statutory net profit after tax of $1.36 billion, up substantially compared with the $587 million recorded in 2022. At the same time, gross written premiums for the full year grew 10% from 2022 to $21.7 billion, while net insurance revenue reached $16.6 billion, ... Read the full article
QBE NA launches QBE Possibilities Fund to accelerate early-stage climate solutions
26th January 2024
In a strategic move towards fostering innovative climate solutions, QBE North America has launched the QBE Possibilities Fund. This initiative is dedicated to supporting collaborative early-stage climate projects aiming to contribute to a more resilient and sustainable future. David Mulligan, Chief Operating Officer of QBE North America, highlighted the critical role of ... Read the full article
Markel adds QBE’s Sebastian Rice to Trade Credit team
18th January 2024
Markel, the insurance operation within Markel Group Inc., has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe. According to the insurer, his hire is a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess ... Read the full article
QBE Re promotes Amanda Lupkin to VP and Head NA Health Practice
16th January 2024
QBE Re, the reinsurance arm of QBE Insurance Group, has announced the promotion of Amanda Lupkin to the position of Vice President (VP) and Head of the North America Health Practice. The promotion marks Lupkin's continued ascent within the organisation, having joined QBE in 2021 with an impressive track record of ... Read the full article
Stephen Johnson named QBE’s Head of Trading for the South East
15th January 2024
QBE Europe has announced the appointment of Stephen Johnson as Head of Trading for the South East region, a newly created role, effective January 1, 2024. With over two decades of industry experience, Johnson will lead the regional underwriting teams in London and Chelmsford, engaging with broker partners and customers. He reports ... Read the full article
QBE Re hires AXIS Capital’s Carmen DeSilva as VP, Specialty Underwriter
8th January 2024
QBE Re has bolstered it's Bermuda team with the appointment of Carmen DeSilva as Vice President, Specialty Underwriter, effective immediately. Overall, she brings more than 15 years of industry expertise towards her new role. Throughout her career, DeSilva has worked across Property and Specialty underwriting in Bermuda. She joins QBE Re following 11 ... Read the full article
QBE Re names new Global Product Heads in New York and London
5th January 2024
QBE Re has appointed Salvatore Sama as Global Product Head for Casualty, Jane Farren as Global Head of Financial Professional Lines, and Derek Durst as Global Head of Cyber. The three Global Product Heads, expected to take up their new positions this month, will be responsible for underwriting quality, governance, and ... Read the full article
QBE Re hires Swiss Re’s Guarnori as Head of Underwriting Oversight
20th December 2023
QBE Re, the reinsurance arm of QBE Insurance Group, has hired Swiss Re's Andrew Guarnori as Head of Underwriting Oversight. At the same time, the company has also promoted Ashish (Ash) Ahluwalia to Global Head of Performance & Portfolio Analytics. Both appointments follow Mark Jackaman’s appointment as General Manager, London, which ... Read the full article
QBE Re names Ashish Ahluwalia as Global Head of Performance & Portfolio Analytics
11th December 2023
QBE Re, the reinsurance arm of QBE Insurance Group, has appointed Ashish Ahluwalia as its new Global Head of Performance and Portfolio Analytics. In this new role, Ahluwalia will act as a strategic advisor to support portfolio construction and capital deployment. Ahluwalia has previously worked with QBE's actuarial team, as the Head ... Read the full article
QBE appoints James Purkis as Market Management Executive
5th December 2023
QBE has announced that it has appointed James Purkis as Market Management Executive, where he will help drive the distribution strategy across Continental Europe. Currently, Purkis serves as Distribution Manager for the London Market. QBE has confirmed that he will start his new role on January 1, 2024, where he will report ... Read the full article
QBE sees Q3 GWP growth of 7%, forecasts FY operating ratio of 94.5%
27th November 2023
Australian insurer QBE has reported that 3Q 2023 gross written premium (GWP) growth was 7% on the prior corresponding period, on both a reported and constant currency basis. The firm also disclosed that group-wide, renewal rate increases averaged 9.6% in 3Q 2023, while ex-rate growth was broadly flat due to the ... Read the full article
QBE North America names John Livatino as SVP and Head of Healthcare Liability
15th November 2023
QBE North America has announced the appointment of John Livatino as Senior Vice President and Head of Healthcare Liability. Livatino brings 25 years of underwriting experience in specialty insurance to his new role. Before joining QBE, Livatino held several leadership roles at Beazley and Markel Corporation, the company noted. Reporting directly to Dan ... Read the full article
QBE North America and Foresight announce strategic partnership
15th November 2023
QBE North America, part of the global insurer, has entered into a strategic partnership with Foresight Risk and Insurance Services, a workers' compensation specialist. The new partnership between the two firm's enables Foresight to write on select QBE entities' paper. Established in 2020, Foresight distributes insurance through leading national commercial broker partners. Through ... Read the full article