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 Re names Ashish Ahluwalia as Global Head of Performance & Portfolio Analytics
11th December 2023
QBE Re, the reinsurance arm of QBE Insurance Group, has appointed Ashish Ahluwalia as its new Global Head of Performance and Portfolio Analytics. In this new role, Ahluwalia will act as a strategic advisor to support portfolio construction and capital deployment. Ahluwalia has previously worked with QBE's actuarial team, as the Head ... Read the full article
QBE appoints James Purkis as Market Management Executive
5th December 2023
QBE has announced that it has appointed James Purkis as Market Management Executive, where he will help drive the distribution strategy across Continental Europe. Currently, Purkis serves as Distribution Manager for the London Market. QBE has confirmed that he will start his new role on January 1, 2024, where he will report ... Read the full article
QBE sees Q3 GWP growth of 7%, forecasts FY operating ratio of 94.5%
27th November 2023
Australian insurer QBE has reported that 3Q 2023 gross written premium (GWP) growth was 7% on the prior corresponding period, on both a reported and constant currency basis. The firm also disclosed that group-wide, renewal rate increases averaged 9.6% in 3Q 2023, while ex-rate growth was broadly flat due to the ... Read the full article
QBE expands marine offer in Europe seizing growth opportunity
13th November 2023
Australian insurer QBE has expanded its marine offer in Europe, with products now available in Germany as well as France and the Nordics. While growth in the marine insurance market in Asia appears to be slowing, it has seen a strong performance in Europe, according to the latest statistics from the ... Read the full article
QBE Canada selects Novidea’s insurance platform to drive growth
25th October 2023
QBE Canada has selected Novidea’s born-in-the-cloud insurance management platform to expand and grow its business across multiple product lines. QBE Canada, part of the QBE Group is based in Toronto and Vancouver. Canada is a significantly important market for growth for QBE. By adapting the Novidea platform, this will enable the company to scale ... Read the full article
Businesses access to cyber insurance impacted by employee mistakes and poor security: QBE
20th October 2023
Employee mistakes and poor security are leaving businesses open to cyber-attacks; addressing these issues will allow companies to access full levels of cyber insurance, according to a recent QBE report. QBE’s survey revealed that almost a third of employees (31%) have made mistakes that could impact the cyber security of their ... Read the full article
Cyber attacks & financial risks named as biggest worry for mid-sized companies: QBE
21st September 2023
Cyber attacks and financial risks have been ranked as the biggest worries for mid-sized businesses, according to QBE North America. In their 2023 Mid-Sized Company Risk Report, QBE NA sheds light on the dynamic landscape of mid-sized businesses across the United States. The report, presents an in depth analysis of 12 macro ... Read the full article
QBE names Julie Wood as CEO of North America unit
21st September 2023
Global insurer QBE Insurance Group has confirmed the appointment of Julie Wood as Chief Executive Officer (CEO) of the company's North American division, a role she has held on an interim basis since August. Wood joined QBE Insurance in January of this year as Group Head of Distribution. She takes over ... Read the full article
QBE names Agarwal as Director of Underwriting & Portfolio Management for Europe
20th September 2023
Primary insurer QBE has announced that it has appointed Naintara Agarwal as the Director of Underwriting and Portfolio Management for Europe. Based in London, Agarwal brings a vast degree of industry knowledge and experience to the role, spanning more than 15 years. Her experience across the industry includes leadership roles in developing ... Read the full article
QBE launches cyber offering in Middle East, hires Marsh’s Sarah Hamlat to lead
18th September 2023
Primary insurer QBE has announced that it has launched a cyber offering in the Middle East as part of its global cyber growth strategy. According to the firm, the new offering forms part of QBE’s International Markets portfolio. At the same time, QBE has appointed Sarah Hamlat as Senior Cyber Underwriter to ... Read the full article
Catherine Thomas joins QBE’s Equator Re and Blue Ocean Re
21st August 2023
Catherine Thomas has become the new Managing Director for QBE Blue Ocean Re & Equator Re and International Treasurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the captive reinsurer for its North American operations. Thomas joins QBE from AM Best, a credit rating agency, where she ... Read the full article
QBE’s H1’23 net profit soars to $400m on huge investment income
10th August 2023
QBE announced net profit after tax of $400 million for the first half of 2023, compared with $48 million in the same six-month period last year. The rise mainly owed to an H1 investment income of $662 million, versus a loss of $20 million last year, reflecting the significant increase in ... Read the full article
QBE lifts FY catastrophe budget amid $700m in losses for H1 2023
20th July 2023
Primary insurer QBE has raised its FY 2023 catastrophe budget to around $1.33 billion as the firm reports an elevated net cost of catastrophes of roughly $700 million for H1 2023. In a recent H1 2023 results updated, the insurer highlights additional pressure on catastrophe costs following the series of North ... Read the full article
Farrer Fisher becomes QBE’s Equator Re and Blue Ocean Re new CFO
19th June 2023
Hannah Farrer Fisher has been appointed Chief Financial Officer (CFO) of Equator Re and Blue Ocean Re, subsidiaries of QBE, an Australian-headquartered re/insurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the captive reinsurer for its North American operations. The new CFO joined QBE Insurance in 2022 ... Read the full article
Lloyd’s becomes the 10th major player to mark its exit from NZIA
30th May 2023
Lloyd's announced its resignation as a member organisation from the Net Zero Insurance Alliance with immediate effect on Friday. This makes it the tenth major insurance and reinsurance player to offer its resignation since last week. Lloyd’s, the insurance and reinsurance market in London, mentioned in a statement that it will ... Read the full article
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