Reinsurance News
QBE
QBE to roll out products from CyberCube
21st June 2022
Australia-headquartered insurer and reinsurer QBE has announced plans to roll out a range of products from cyber risk analytics firm CyberCube, including its Account Manager and Portfolio Manager platforms. In addition, QBE will be utilising the CyberCube Academy, the firm’s training offering, as well as accessing CyberCube’s enhanced Concierge service. “As one ... Read the full article
QBE to drive EU expansion with branch in the Netherlands
10th June 2022
Australian insurer and reinsurer, QBE Insurance Group Limited has announced plans to set up a branch in the Netherlands. The planned branch will play a major role in the company’s European expansion plans. QBE has noted that recruitment is underway to fill a number of different key roles for the Netherlands branch, ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
QBE hires Bannocks as Group Chief Data Officer
31st May 2022
QBE Insurance Group has appointed Christopher Bannocks to the new position of Group Chief Data Officer (GCDO). As GCDO, Bannocks will lead QBE’s enterprise data capabilities, with responsibility for defining and implementing the company’s data strategy and agenda. This new role will also allow him to work closely with central and regional ... Read the full article
QBE and MS First Capital lose Singaporean Covid-19 case
24th May 2022
A court in Singapore has ruled that insurers must pay out under their commercial insurers’ policies for losses arising from Covid-19 lockdowns. According to the Straits Times, a Singaporean newspaper, that country’s High Court has found QBE Insurance and MS First Capital Insurance liable to indemnify the owner of Le Meridien ... Read the full article
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