Reinsurance News
2nd September 2021
QBE Re, the reinsurance arm of the global insurer, has expanded its Bermuda office with the appointment of Tracey Gibbons as Head of QBE Re, Bermuda. Gibbons joins from SiriusPoint where she was Senior Vice President, bringing over 30 years’ experience to the role and a remit to develop the Bermuda ... Read the full article
27th August 2021
Global insurer QBE’s International Markets division has appointed new additions to its Miami team. Juan David Mejia has joined as Vice President of Property Underwriting and will be based in QBE International’s regional Latin American hub in Miami. Mejia joins from Swiss Re where he was Senior Property Underwriter, Latin America. He brings ... Read the full article
12th August 2021
Global insurer QBE has reported its net profit for the first half of 2021 came in at $441 million, compared with a net loss of $712 million for the prior year period. The rebound in profit reflects the groups turnaround in both underwriting and investment returns. On a constant currency basis, gross ... Read the full article
10th August 2021
Global insurer QBE has announced the appointment of Ian France as Head of Property, European Operations. France joins from AXA XL where he was International Property Manager and has previously held senior property roles at XL Catlin and AIG. In his new role, he will be working with each of the property ... Read the full article
6th July 2021
The Asian division of global insurer QBE has appointed John Trotter as Asia Head, Digital Partnership Distribution. Trotter brings extensive experience in end-to-end partnership development, infrastructure creation, partnership sourcing, strategy development and commercial negotiation. For the past year he has worked as an independent adviser, working with early stage ventures across Asia ... Read the full article
1st July 2021
Law firm Gordon Legal has initiated a Federal Court case against underwriters at Lloyd’s of London and filed a class action lawsuit against QBE in Australia over business interruption (BI) claims related to the pandemic, according to reports from the Australian Financial Review. Gordon Legal says the cases relate to claims ... Read the full article
2nd June 2021
Jamie Cook, formerly of reinsurance broker Guy Carpenter, has joined QBE Insurance as the new Global Head of Client Management, QBE Re, effective June 2021. Cook joins the reinsurer after spending three years with Guy Carpenter, most recently as Managing Director, Global Account Segment and Regional Sales Leader, EMEA. Previously, he spent ... Read the full article
6th May 2021
Each one of QBE's divisions secured premium rate increases that were either in line with or stronger than expectations during 2021's first quarter. Speaking during QBE's 2021 Annual General Meeting, Chairman and Interim Chief Executive Officer Michael Wilkins said headline Gross Written Premium was up 28%. This reflects premium rate increases, continued ... Read the full article
9th April 2021
QBE Re, the reinsurance arm of Australian insurer QBE, has expanded its US Casualty treaty hub and appointed Salvatore Samà as Senior Vice President, Treaty Underwriting - FINPRO. Based in New York, Samà will take charge of driving the development and advancement of QBE Re’s US Financial and Professional Lines treaty ... Read the full article
29th March 2021
QBE Re, the reinsurance arm of the Australian insurer, has announced the expansion of its treaty hub for Africa with the addition of Attilio Tornetta as Head of Africa, based in Dubai. In this newly created role, Tornetta will be responsible for all the new treaty business incepting from the April ... Read the full article
19th February 2021
Australian re/insurer QBE has recorded a “disappointing” underwriting loss of US $869 million for 2020, mainly due to the COVID-19 pandemic and elevated catastrophe losses, as well as adverse prior year claims development. Having warned the market back in December, the company also confirmed that its net loss after tax ... Read the full article
11th February 2021
The North American division of global insurer QBE has launched its new QBE Custom Property product. The product includes a First Party Cyber coverage, which provides coverage for business interruption, data recovery and incident response service expenses, per network security event. It also has other features such as crime coverage, which covers ... Read the full article
29th January 2021
Australian re/insurer QBE is consolidating its global reinsurance underwriting within its London unit under the leadership of QBE Europe's managing director of global reinsurance Stephen Postlewhite. An official statement from the company explains that the move has been made in an effort to take advantage of improved reinsurance market conditions and to enhance ... Read the full article
20th January 2021
QBE has announced the addition of two new Non-Executive Directors to the board of its subsidiary, QBE North America. The new appointments are Shamla Naidoo and Sharon Ritchey. Both new directors will serve on the Audit, Investment, People & Remuneration and Risk & Capital Committees. There are also plans for Ritchey to Chair ... Read the full article
18th January 2021
Australia-based re/insurer QBE has said that the UK Supreme Court’s verdict on business interruption (BI) cases linked to the pandemic will push it further into its aggregate reinsurance protection. Last week, the Supreme Court decided to uphold the ruling on the BI test case first brought forward by the Financial ... Read the full article
