Reinsurance News
Your search for “QBE”
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
QBE posts $130 million hit from natural disasters in late 2022, including winter storm Elliot
12th May 2023
Australian insurer and reinsurer, QBE Insurance Group Limited, indicated an adverse development of $130 million on natural catastrophe events which primarily occurred in late 2022, including winter storm Elliot in North America and certain Australian events. As a result of these increasing costs, QBE hiked its FY23 plan Group combined operating ... Read the full article
AM Best revises QBE’s issuer credit rating outlook to stable
9th May 2023
The Long-Term Issuer Credit Rating (Long-Term ICR) outlook of QBE Insurance Group, an Australia-based re/insurance company, has been revised to stable from negative by credit rating agency AM Best. QBE’s Financial Strength Rating (FSR) of A (Excellent) was also affirmed by AM Best, as well as Long-Term ICR of “a+” (Excellent) ... Read the full article
Jamie Cook named Chief Partnership Officer of QBE Re
26th April 2023
QBE Re, the reinsurance division of QBE, has announced that it has appointed Jamie Cook as Chief Partnership Officer. In his new role, Cook will lead a team that is responsible for building more effective customer and broker relationships, as well as managing strategic partnerships with retrocessionaries and other capital providers. Based ... Read the full article
Marsh launches multi-line facility Fast Track, led by QBE
21st April 2023
Insurance broker and risk advisor Marsh has launched Fast Track, a new insurance facility led by QBE that is set to provide a “substantial amount” of additional “follow form” capacity to its clients globally across major lines of business. The brokers new facility is backed by a panel of A-rated global ... Read the full article
QBE promotes Debbi Wood to Head of Reinsurance Claims
20th April 2023
QBE, an Australian-based insurer has promoted Debbi Wood to Head of Reinsurance Claims. An experienced veteran within the industry, Wood has worked at QBE for nearly two decades. She joined the firm in 2003 as a Senior Claims Adjuster, and would serve in that role for just over 19 years. In 2010, QBE ... Read the full article
Sir Keith Skeoch named Non-Exec Chairman for QBE European Operations
19th April 2023
QBE European Operations, part of QBE Insurance Group, has appointed financial services industry leader Sir Keith Skeoch as Non-Executive Chairman. In his new role, he will work closely with Jason Harris, CEO, QBE International to drive forward QBE’s strategic ambitions. He will be taking over from Tim Ingram, who has retired ... Read the full article
QBE Re appoints Andy Richardson as Head of Underwriting, Bermuda
13th April 2023
QBE Re, the reinsurance division of QBE Insurance Group, has announced that it has appointed Andy Richardson as Head of Underwriting for Bermuda. He will report to Tracey Gibbons, Head of QBE Re Bermuda and will take up the new role at the beginning of June subject to Bermuda immigration. In this ... Read the full article
Enstar closes $1.9bn LPT with QBE Insurance
11th April 2023
Legacy specialist Enstar Group's wholly owned subsidiaries have completed a Loss Portfolio Transfer (LPT) transaction with certain subsidiaries of QBE Insurance Group on a diversified portfolio of business. The transaction covers International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs. Under the LPT, Enstar’s ... Read the full article
Canopius hires QBE’s Sam Harrison as Group CUO
3rd April 2023
Global specialty re/insurer Canopius Group has appointed Sam Harrison as Group Chief Underwriting Officer (GCUO). Within the role, he will report to Neil Robertson - Canopius Group Chief Executive Officer, and he will also join the Canopius Group Leadership Team. Harrison joins the firm from QBE Insurance, where he served as GCUO ... Read the full article