Reinsurance News

QBE

QBE names Andy Fitzgerald as Director of UK Regions

10th May 2022

QBE has announced the appointment of Andy Fitzgerald as Director, UK Regions. Fitzgerald was previously QBE UK Insurance Division’s Regional Manager for the North Region, having joined QBE in 2012. In the newly created role, he will now be responsible for the leadership of the UK regions and focus on growing these ... Read the full article

Catalina General takes on loss portfolio transfer from QBE Insurance Group

6th May 2022

Reinsurance firm Catalina General has agreed with QBE Insurance Group’s subsidiaries for a loss portfolio transfer of QBE’s legacy North American Excess and Surplus (E&S) lines prior accident year liabilities. The deal is still subject to regulatory approvals and certain closing conditions. Steve Ryland, group head of global distribution for Catalina, said: ... Read the full article

QBE reports 19% premium growth, $75m Russia exposure

6th May 2022

Australian insurer and reinsurer, QBE Insurance Group Limited, has reported its financial results for the first quarter of 2022, while also commenting on its potential exposure to the conflict between Russia and Ukraine. The company experienced 19% growth in gross written premiums over Q1, with group-wide renewal rate increases averaging 7.9%. These ... Read the full article

QBE North America launches Specialty Casualty business unit

3rd May 2022

QBE North America has announced the launch of a Specialty Casualty business. The launch is part of the company’s strategy to invest in areas where the insurer can offer distinct advantages to business customers. QBE’s Specialty Casualty offering will include admitted and non-admitted primary, lead umbrella and excess liability products, targeting a ... Read the full article

QBE Europe makes Beatriz Valenti Director of Insurance

29th April 2022

QBE Europe, part of QBE Insurance Group – a global insurer and reinsurer, has named Beatriz Valenti as Director of Insurance. Based in Barcelona, Valenti will join QBE Europe on June 15, and will report to Managing Director, Insurance, Cécile Fresneau. Valenti will be taking over the role from Andrea Brock, who ... Read the full article

QBE makes Anna Bennett as director of underwriting for UK casualty

22nd April 2022

QBE has appointed Anna Bennett as director of underwriting for casualty for the UK. Anna will report to Chris Wallace, executive director of UK insurance and is based in London. Wallace, meanwhile, was appointed into his role in October last year. She has acted as interim director of underwriting for casualty ... Read the full article

QBE Re appoints Tim Barber as interim head of US Treaty

11th April 2022

QBE Re has appointed Tim Barber to be its interim head of US Treaty. The firm said that Barber would be replacing Chris Larson, who was stepping down for personal reasons. In his new role, Barber will be reporting to Steve Postlewhite, global managing director of QBE Re. Postlewhite said in a ... Read the full article

QBE makes several underwriting appointments

8th April 2022

QBE has announced that Paul Perry will be joining as a Senior Underwriter, joining from Starr where he was part of the management liability team since 2017. Perry holds over 20 years’ experience, having also worked at Zurich and JLT. Tom Hunt has also joined the team as Senior Underwriter, having moved from ... Read the full article

QBE North America adds another to its board

22nd March 2022

QBE North America has appointed Kristen Dauphinais as a Non-Executive Director of the QBE North America Board. The company said that Dauphinais will serve on the people and remuneration, audit, risk & capital, and investment and nominations committees. She will help guide the North America operations with a special focus on ... Read the full article

QBE ups reinsurance spend at renewal, adds top layer

18th February 2022

Australian insurer and reinsurer, QBE Insurance Group Limited, has reported on the details of its reinsurance renewal for 2022, which included increased costs of $50 million for its Core Group Program, as well as the addition of a new catastrophe top layer for Australia and New Zealand. Coming out of the ... Read the full article

QBE returns to profitability in 2021, helped by premium growth

18th February 2022

Global insurer QBE has announced net profit of $750 million over 2021, marking a return to profitability after taking a net loss of $1,517 million in the previous year. The improved performance reflects a turnaround in underwriting profitability, as well as considerable top-line growth, with gross written premiums increasing by 22% ... Read the full article

QBE names Kevin Shallow as Director of Underwriting, Marine

8th February 2022

QBE has appointed Kevin Shallow as Director of Underwriting and Product Head for Marine, succeeding Tim Pembroke who will be retiring on 31 March after nearly 38 years in the marine insurance industry, including over 24 years with QBE. Shallow is currently a Portfolio Manager within the marine division, and joined ... Read the full article

Melanie Lopes leaves SiriusPoint for QBE Re in Bermuda

2nd February 2022

QBE Re, the reinsurance arm of global insurer QBE Insurance Group, has added Melanie Lopes from SiriusPoint as Assistant Vice President (AVP), Lead Treaty Underwriter in its growing Bermuda office. In her new role, Lopes reports to David Cary, Senior Vice President (SVP) Underwriting Manager and Head of Property and Casualty ... Read the full article

Pen Underwriting signs new £300m capacity deal with QBE

24th January 2022

Pen Underwriting has entered into two new long-term UK capacity deals with insurer QBE, focusing on the areas of public authority and higher education risks, as well as hazardous goods, environmental industries, and tanker transportation. Together, both of the agreements will see QBE provide capacity for nearly £300 million in premium ... Read the full article

QBE adds Ben Hunter from Liberty Mutual as Director of Canada

30th November 2021

Ben Hunter, currently of Liberty Mutual Canada, is set to join QBE in January 2022 as Director of Canada, reporting to Peter Burton, Executive Director, International Markets, QBE European Operations. Hunter takes over from Jamie Thompson who was named Director of Financial Lines, QBE European Operations in May. He brings a wealth ... Read the full article