Filed Under:Technology, Core Processing

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

10 dog breeds most often blacklisted by home insurance carriers

According to Einhorn Insurance, American Pit Bulls and Staffordshire Terriers make the list of 10 of the most dangerous dogs that are blacklisted by insurers.

Top Story

Deadline this Friday: Apply today for NU’s Excellence in Cyber Security Risk Management Award

Cyber security risk management sets elite companies apart from their competitors. If your company is one of the elite, nominate your cyber risk management program today!

More Resources


eNewsletter Sign Up

Tech Digest eNewsletter

Technology related insights for insurance professionals including key developments, solution providers and news briefs from the carrier front – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.