QBE

QBE names Hill alternative markets head

QBE North America has named Kris Hill as president, alternative markets, effective immediately.

QBE North America VP Byerly to lead UK financial lines

QBE’s Robert Byerly has been promoted from vice president of D&O liability in North America to director of financial lines, UK.

HDI Global launches Australian aviation unit with QBE hire

HDI Global Specialty SE – the new insurance heavyweight created from the merging of the specialty lines activities of Hannover Re and HDI Global SE – has launched an Australian-based general aviation operation.

QBE Europe expects no 'material change' from reinsurance restructuring: Pryce

The restructuring of QBE’s reinsurance program is not expected to have any “material change” to its European business, the CEO of the business division has said.

QBE returns to profit in 2018; reveals reinsurance restructuring

Australian carrier QBE has reported a 2018 cash profit after tax of $715mn – a major turn around on the loss of $262mn it booked the previous year, while also unveiling a restructuring of its reinsurance program.

QBE Seguros downgraded to B++ ahead of sale

AM Best has downgraded the financial strength ratings of Puerto Rican carrier QBE Seguros from A- to B++ after its global insurer parent agreed a deal to sell the subsidiary to Rincon Investment.

QBE pulls back on Lloyd’s Asia platform

QBE has revealed it will cease trading marine, energy, political violence and terrorism on the Lloyd’s Asia platform by the end of the year.

QBE Europe taps Allianz for UK director of motor

QBE has appointed Jon Dye as director of motor for the UK.

Trzos teams up with 777 Partners on program start-up

Atlas General Insurance Services CEO Bill Trzos is working with investment firm 777 Partners on a program carrier start-up to be called Sutton National Insurance Company, The Insurer can reveal.

QBE restructures reinsurance, announces $200mn cost saving program

Australian insurance giant QBE has fully placed its 2019 reinsurance programme which will see its its catastrophe occurrence limit increased by $1.1bn as the insurer and unveiled a three-year efficiency drive targeting savings of $200mn.

RSG units hires Ironshore program casualty executive

WKFC Underwriting Managers and CorRisk Solutions, subsidiaries of Ryan Specialty Group (RSG) that specialise in operating programs, have hired Joseph Girardi, a casualty expert from Ironshore Insurance Services.

QBE’s Belgium hub handed A rating by AM Best

AM Best has assigned QBE’s European hub with that all important ‘A’ financial strength rating, citing the strategic importance of the Australian carriers post-Brexit business as a major influence behind the decision.

Gard swoops on another flagship London marine account

Norwegian carrier Gard has secured another landmark London marine hull account, taking over from Lloyd’s insurer QBE as the lead on the London placement of the Qatar LNG fleet program, Re-Insurance can reveal.

Spotlight on Lloyd’s and its reform agenda

The focus is on Lloyd’s – and its new CEO-elect John Neal – at this year’s Rendez-Vous. But what the recent recruitment process also revealed was how chairman Bruce Carnegie-Brown expects to see positive change implemented in the market…

Introducing the new man on the Lloyd’s stage

John Neal is clearly a man who relishes a challenge. Not content with a bruising five years at the helm of QBE, a tenure which included four profits warnings and some unwelcome attention on his private life, last week he accepted what Re-Insurance believes is arguably the toughest job in the industry. He will become CEO of the Lloyd’s Corporation and the man tasked with leading a turnaround in the market’s fortunes.

QBE’s combined ratio improves as streamlining boosts bottom line

Australian giant QBE saw its combined ratio improve in the first half of 2018 as the effects of a “simplification plan” start to help the group’s bottom line.

QBE sells US personal lines business to Liberty Mutual’s Safeco

QBE North America has offloaded its book of personal insurance independent agency policies to Liberty Mutual-owned Safeco.

Trio of financial lines underwriters leave QBE

Three financial lines underwriters at QBE Insurance have quit for other posts, re-Insurance.com understands.

QBE Re takes Aspen’s former insurance CEO Postlewhite

Stephen Postlewhite is to join QBE’s reinsurance business as deputy global chief underwriting officer.

Allianz weighing approach for RSA, Aviva: report

German insurance giant Allianz is mulling a takeover approach for large UK carriers including RSA and Aviva after the Oliver Bäte-led company was beaten to the punch in pursuit of XL Group.

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