Filed Under:Carrier Innovations, Analytics & Data

QBE Creates Unified Brand for Reinsurance Operations

NU Online News Service, March 8, 11:04 a.m. EST

QBE Insurance Group says it has created a new business model to join all of its reinsurance operations under one unified brand.

QBE Re will be comprised of Syndicate 566, QBE Re (Europe), Secura NV, and QBE Re (Americas) with a single management team.

The move is meant to “allow QBE Re to offer its clients a consistent underwriting philosophy,” says a statement from QBE.

Jonathan Parry, now the chief underwriting officer for reinsurance in Europe, will lead QBE Re, which will have gross written premium of more than $1.5 billion from a portfolio that includes property, casualty and specialty lines, QBE says.

“Our business philosophies, market approach and appetite will be coordinated, which in turn will help ensure greater consistency across underwriting, pricing, risk management and reserving,” says Parry.

Supporting Parry will be Paul Hogan, head of property, Chris Larson, head of casualty and U.S. multiline; Peter Wilkins, head of specialty lines; and Luc Boghe, head of European multiline.

John Neal, chief executive of QBE Insurance Group’s global underwriting operations, says the move to establish a single brand “underlines QBE’s commitment to the reinsurance market.”

Neal is slated to become the group CEO. Frank O’Halloran announced his retirement date of Aug. 17 after 14 years as CEO.

Featured Video

Most Recent Videos

Video Library ››

Top Story

3 ways to ease the business interruption claims process

The biggest challenge for companies managing business interruption (BI) claims: Accurately quantifying their losses.

Top Story

Live from Philly: Day two of RIMS 2017

The second full day at RIMS 2017 was full of educational sessions, productive meetings and lots of fun on the exhibit hall floor.

More Resources

Comments

eNewsletter Sign Up

Carrier Innovations eNewsletter

Critical news on the latest tech solutions, information security, analytics and data tools and regulatory changes to help decision-makers at insurance carriers keep their business thriving – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.