Reinsurance News
QBE
QBE is an international insurance and reinsurance company with a local presence in 26 countries, headquartered in Sydney, Australia. The reinsurance arm is named QBE Re.
Read our QBE insurance or reinsurance news and analysis below.
QBE appoints Ed Rainsford as Chief Risk Officer, Australia Pacific
12th August 2024
Global insurer QBE has announced the appointment of Ed Rainsford as Chief Risk Officer for Australia Pacific. Rainsford has been with QBE Insurance for a decade, holding various senior roles. He joins the QBE Australia Pacific business from the QBE Group Risk and Compliance team where he served as Group Chief Compliance ... Read the full article
QBE de-risks exposure to reserves via $1.6bn transaction with RiverStone & Enstar
9th August 2024
Australian insurer QBE has entered into a reserve transaction with RiverStone International and Enstar, that will de‑risk its exposure to reserves totalling approximately $1.6 billion, effective July 1st, 2024. The transactions are expected to close during Q2 2024, subject to regulatory approvals, and include all North America middle-market reserves up to ... Read the full article
QBE’s profit more than doubles to $802m in H1’24
9th August 2024
Australian insurer QBE has reported a statutory net profit after tax of $802 million for the first half of 2024, compared with $400 million last year, as the combined ratio improved to 93.8% from 98.8% on the back of lower catastrophe costs, more stable reserve development, and supportive premium rate ... Read the full article
Enstar agrees $376m ground-up LPT with QBE
9th August 2024
One of global insurer Enstar Group Limited’s wholly-owned subsidiaries has agreed to provide a ground-up Loss Portfolio Transfer (LPT) with certain subsidiaries of QBE Insurance Group Limited (QBE), covering a diversified portfolio of US commercial liability and workers’ compensation business, largely underwritten on recently discontinued programs. Under the terms of the ... Read the full article
QBE names Fabian Desch as its next General Manager for Germany
5th August 2024
Fabian Desch has been appointed as the next general manager for QBE's Germany unit, pending regulatory approval. Desch, who will start his new role once all regulatory approvals are in place, will report to Beatriz Valenti, director of Insurance at QBE Europe, from September 1, to ensure a smooth transition. Desch, has been ... Read the full article
QBE launches global cyber policy to enhance client resilience
16th July 2024
Global insurer QBE has launched QCyberProtect, a comprehensive and consistent cyber policy designed to enhance cyber resilience for a diverse range of clients across the globe. QCyberProtect offers customised coverage for losses from various cyber risks, including network security breaches, privacy liability, IT and non-IT business interruptions, and reputational loss. It provides ... Read the full article
Davide Anselmo to succeed Angela Rebecchi as head of QBE Italy
9th July 2024
Global insurer QBE has announced that Davide Anselmo is joining from CNA Hardy as its new general manager for Italy, based in Milan, subject to regulatory approval. Anselmo takes over from Angela Rebecchi, who will be retiring this summer after leading QBE Italy for seven years, from September. He brings more than ... Read the full article
Risk assessments could help reduce claims for Asian marine businesses: QBE
3rd July 2024
By conducting risk assessments insurers can help businesses in the Asian marine industry to understand their existing operations and ways in which they can reduce claims as they navigate a sector full of challenges, QBE analysts state. The marine sector has a significant presence in Asia. In 2023, it contributed a ... Read the full article
QBE promotes Højmark and Seul to Europe product managers for Cyber and ML/FI
26th June 2024
International insurer QBE has announced the appointment of Simon Højmark as Europe product manager for Cyber and Dr Patrick Seul as Europe product manager for Management Liability and Financial Institutions. Højmark has been with QBE for 13 years, having joined the company as finance controller before becoming assistant underwriter and then ... Read the full article
QBE to close its North America middle-market segment
19th June 2024
Australian insurer QBE has announced the closure of its North America middle-market segment to "refocus its strategy in the region on those businesses which hold more meaningful market position, relevance and scale." The segment represented a gross written premium of ~$500M in the final year results of 2023 (FY23), and has ... Read the full article
QBE Asia appoints Jeremy Lau as Chief Underwriting Officer
19th June 2024
Sydney, Australia headquartered insurer QBE has recently announced the appointment of Jeremy Lau as Chief Underwriting Officer for its Asian business. Lau takes over from Andy White, who is now Group Head of Underwriting Strategy and Performance. In his new role, Lau will work closely with Rob Kosova, CEO of QBE Asia, ... Read the full article
QBE continues momentum in GWP growth, underwriting performance “tracking to plan”
10th May 2024
Australian insurer QBE continued to report growth in gross written premium in Q1 2024, up 2% on the prior corresponding period on both a reported and constant currency basis. The firm has also disclosed that group-wide, there were renewal rate increases of 7.3% in Q1 2024, in line with expectations and ... Read the full article
QBE NA launches Healthcare Liability practice for comprehensive coverage
2nd May 2024
QBE North America has launched a specialised Healthcare Liability practice, offering a comprehensive range of coverages tailored to help customers navigate evolving risks and enhance resilience. This initiative aims to address the distinct needs of healthcare organisations. At the forefront of this offering is QBE's flagship Miscellaneous Medical Liability product, the first ... Read the full article
QBE appoints Nicola Schroder as Group Head of Sustainability
30th April 2024
Australian insurer QBE Insurance Group Limited has appointed Nicola Schroder as the new Group Head of Sustainability, effective immediately. In this role, Schroder's remit will include continuing to drive QBE’s Sustainability Strategy across its three key focus areas. Additionally, Schroder is responsible for sustainability governance, strategy implementation, human rights, and modern slavery ... Read the full article
QBE appoints Kevin Shallow as Executive Director, Intl. Markets
27th February 2024
Australian insurer QBE has named Kevin Shallow as Executive Director for International Markets (IM). Subject to regulatory approvals, he will start his new role on March 4th, 2024. Previously, Shallow developed QBE’s portfolio solutions underwriting unit in the London market and managed it until 2022, driving significant growth. He will take ... Read the full article
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