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Stephen Postlewhite to lead QBE Re as managing director
25th February 2020
Global insurer QBE has appointed Stephen Postlewhite as managing director of its reinsurance operations. Postlewhite’s new role will take effect on April 1 and he replaces Jonathan Parry, who is set to retire in 2021. He steps into the role after two years at QBE Re, having most recently served as deputy ... Read the full article
QBE’s combined operating ratio rises on US crop losses
17th February 2020
QBE Insurance Group Limited has reported that the impacts of adverse weather conditions on its US crop insurance business, combined with the significant level of claims from the Australian bushfires, pushed its full year 2019 combined operating ratio above the target range. The Australian insurer announced in December that it ... Read the full article
Mike Wilkins takes over as Chairman of QBE
13th February 2020
QBE Insurance Group has announced that former IAG CEO Mike Wilkins has been elected to take over as Chairman of the Group Board, starting from March 1, 2020. He will succeed W Marston Becker who is not standing for re-election, and who will retire from the Board on April 30. Wilkins joined ... Read the full article
CNA hires QBE’s Franzetti as EVP of Worldwide Claim
13th February 2020
US commercial property and casualty (P&C) insurer CNA has announced the appointment of Daniel Franzetti as Executive Vice President (EVP) of Worldwide Claim, effective April 6, 2020. He joins CNA from QBE North America, where he most recently served as Chief Operating Officer and Chief Claims Officer. In his new role, Franzetti ... Read the full article
Chris Castaldo appointed QBE North America CFO
17th January 2020
The North American division of global insurer QBE has appointed Chris Castaldo to the role of Chief Financial Officer, effective March 2020. Based in New York, he will also serve as a member of the QBE North America executive committee and report to Todd Jones, Chief Executive Officer, QBE North America. Castaldo ... Read the full article
Helix launches in Bermuda, secures first agency agreement with QBE
10th January 2020
Helix Underwriting Partners Ltd., the first multi-line independent Managing General Agent in Bermuda, has announced the receipt of all necessary approvals to begin operations. At the same time, the company has announced that it has entered into its first agency agreement to underwrite Middle Market Property Insurance on behalf of insurer ... Read the full article
QBE North America recruits Specialty & Commercial President from Aon
9th January 2020
The North American unit of global primary insurance group QBE has announced the appointment of Tom Fitzgerald as President, Specialty & Commercial. Fitzgerald joins the company from Aon Risk Solutions, where he most recently served as Chief Executive Officer (CEO) for its global broking operations. As a member of the executive leadership ... Read the full article
Markel hires QBE’s Anirudh Singh as CUO for India
9th January 2020
Specialist insurer Markel International has announced the appointment of Anirudh Singh as India Chief Underwriting Officer (CUO), effective from December 24, 2019. Singh has 16 years’ re/insurance industry experience, and joins Markel from QBE General Insurance, where he most recently served as Chief Risk Officer. In this role, he was also responsible ... Read the full article
Adverse weather claims to impact QBE’s North America crop results
18th December 2019
Australian re/insurance group QBE is expecting to see a deterioration in the performance of its North American Crop business in 2019, owing to recent adverse weather conditions. Conditions such as an unusually cold growing season and heightened crop hail are likely to push the crop business’s operating ratio to around 107-109% ... Read the full article
QBE North America promotes Mark Pasko to Chief Legal Officer
4th December 2019
The North American operations of global primary re/insurance group QBE has promoted Mark Pasko to the role of Chief Legal Officer. Pasko, whose appointment is effective immediately, most recently served as senior vice president and general counsel, Business Unit Support. He will report jointy to Todd Jones, QBE North America Chief Executive ... Read the full article
Aspen Re’s Abdallah Balbeisi to join QBE as SEO, Head of MEA region
29th November 2019
QBE Insurance Group has announced the appointment of Aspen Re's Abdallah Balbeisi as Senior Executive Officer (SEO), Head of Middle East and Africa (MEA), effective May 2020. In his new role, Balbeisi will be based in Dubai and will report to Stephen Postlewhite, Deputy Chief Underwriting Officer (CUO) of QBE Re. He ... Read the full article
QBE joins cyber modelling, prediction platform Corax
18th October 2019
QBE Europe, part of the QBE Insurance Group, is set to begin leveraging cyber exposure data and loss analytics provided by Corax. QBE will look to use the Corax platform to underwrite and manage cyber risk exposure. Founded in 2014, the cyber risk modelling and prediction platform has been available to the ... Read the full article
QBE North America adds Charles Cygal as Head of Surety
19th September 2019
QBE North America has announced the appointment of Charles Cygal as Head of Surety, effective immediately. Cygal brings 20 years’ experience to the role and joins from Ironshore Insurance Services where for almost a decade he served as the Vice President of Surety, Political Risk and Trade Credit. Before that, he held ... Read the full article
WTW’s Todd Jones to succeed Johnston as CEO of QBE North America
15th August 2019
Australian and global primary insurance and reinsurance group QBE is to appoint Todd Jones as Chief Executive Officer, North America. Jones succeeds Russ Johnston, who has made the decision to depart the company after three years in the role. “I want to thank Russ for his valuable contribution to QBE over the ... Read the full article
QBE 29% profit jump driven by lower attritional claims experience
15th August 2019
QBE Insurance Group Limited (QBE) has reported a 29% rise in net after-tax profit for the first-half of 2019 to $463 million, driven by a significant improvement in attritional claims experience across all divisions. Supporting the improved attritional claims experience in the period, QBE's net investment return increased to almost 7% ... Read the full article