Filed Under:Agent Broker, E&S/Specialty Business

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.

Top Story

Here are the 21 trends that pose the biggest risks to global business in 2015

Swiss Re's latest SONAR report identifies 21 emerging global risks driven by economic, tehnological, socio-political and environmental developments.

Top Story

Data breach rocks the Internal Revenue Service

Filing taxes is never a worry-free task, but for some taxpayers, the 2014 tax season just got a little more stressful.

More Resources

Comments

eNewsletter Sign Up

Specialty Markets Insight eNewsletter

Receive updates and analyses on hard to place and challenging coverages. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.