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Reinsurance News
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
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
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
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
11th June 2019
QBE North America has announced its Chief Financial Officer (CFO), Kris Hill, is to immediately move into a new role as President, Alternative Markets. Hill, who joined QBE in January 2017, will remain a member of the QBE North America Executive Committee following the appointment, reporting to Chief Executive Officer (CEO) ... Read the full article
2nd April 2019
Global re/insurer QBE Insurance Group has announced that it plans to stop insuring thermal coal projects as part of its recently implemented climate plan to mitigate the effects of global warming. CEO Patrick Regan explained that from 1 July 2019, QBE will exclude any new direct insurance services for new construction ... Read the full article
25th February 2019
QBE Insurance Group Limited has reported a net profit after tax of $390 million (which includes $567 million of profit from continuing operations) for 2018 compared with a loss of $1.3 billion in 2017, driven by a significantly improved attritional claims experience as well as a reduced level of catastrophe ... Read the full article
7th January 2019
Global re/insurer QBE Insurance Group has adopted Risk Engine technology from artificial intelligence (AI) company Cytora to enhance underwriting decisions across its commercial portfolio. QBE explained that its partnership with Cytora will enable UK customers to purchase cover more efficiently, using Cytora’s predictive insights to recommend and tailor products to better ... Read the full article
2nd January 2019
QBE European Operations, part of the QBE Insurance Group, has announced the implementation of its post-Brexit plans after its Part VII transfers came into effect in the New Year. A Part VII transfer is essentially a court-sanctioned legal transfer of some or all of the policies of one company to another QBE ... Read the full article
11th December 2018
Australian and global primary insurance and reinsurance group QBE said it has benefited from favourable terms and better pricing by getting to market early with its 2019 reinsurance renewal. The insurer said that by hitting the market early it has been able to achieve lower pricing, avoiding any uptick in market ... Read the full article
6th December 2018
QBE European Operations, part of the QBE Insurance Group, has added three underwriters to its trade credit team as it seeks to take advantage of the Brexit-driven increase in demand for trade credit cover. According to recent Association of British Insurers (ABI) figures, trade credit insurance claims in the UK have ... Read the full article
5th November 2018
Australia domiciled insurer QBE has announced that its Asian and European operations are to be combined into a new International division as part of a drive for greater efficiency in the company. Additionally, a new Australia Pacific division will encompass operations in Australia, New Zealand, the Pacific and India, meaning Asia ... Read the full article
6th August 2018
QBE Insurance has sold its Australian travel insurance business to nib Holdings in an effort to “simplify and strengthen” its business, according to QBE Australia and New Zealand Chief Executive Officer (CEO), Vivek Bhatia. The decision was made following an extensive review of QBE Travel and its alignment to QBE’s strategic ... Read the full article
26th June 2018
QBE Insurance Group has announced the appointment of Stephen Postlewhite as Deputy Global Chief Underwriting Officer (CUO) of its specialty reinsurance arm, QBE Re. Postlewhite is set to join the firm on November 1st, 2018, and will report to Chief Underwriting Officer for Reinsurance, Jonathan Parry. He joins the company from Aspen ... Read the full article
29th May 2018
Australia domiciled insurer QBE has taken a major step in securing continued passporting rights across the European Economic Area (EEA) post-Brexit, after its new Belgian subsidiary, QBE Europe SA/NV (QBE Europe), was granted a license by the National Bank of Belgium (NBB). QBE Europe will leverage the existing base that QBE ... Read the full article
