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.

Comments

Resource Center

View All »

Complimentary White Paper: The Compression of Workplace Time

How brokers and carriers respond to the compression of workplace time will create significant competitive...

The Changing Insurance Consumer: 6 Ways to Create Profitable Relationships

Today’s mobile and web-savvy consumers have new expectations when it comes to interacting with your...

Contractors General Liability Coverage 102

What is a prior work exclusion? Which option is right for my client? Why do...

Sign up today to get a 50% matching credit -...

Insurance marketing sometimes seems like it's a game of swings and misses, but we're here...

Guide: 5 Steps to Selling Cyber

Cyber risk and data security is on the agenda of every business owner and executive....

Citation Correlation

Do rigger and signalperson qualifications correlate with the cause of crane and rigging accidents? ...

Complete Guide to Electronic Signatures in Property & Casualty Insurance...

In property and casualty insurance, closing new business quickly is key. Learn how to leverage...

INSTANT ACCESS: Complimentary Sales Closer Questionnaires

Help property owners or managers compare your commercial residential property insurance coverage vs. the competition....

Determining Vacant Property Perils and Valuations

Are your clients fully covered for Vacant Properties? In this economic climate, your insureds may...

Risk Management for Law Firms

This package of 3 concise risk management articles offers straightforward content and practical suggestions law...

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.