QBE
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers. -
Retention levels for reinsurance fell across the different geographies the carrier operates in.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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Capacity will be available to 11 open-market lines of business.
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Anthony Norfolk joins from Swiss Re, where he was a senior engineering underwriter.
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The insurer will focus on UK regional growth and opportunities in cyber for the coming year.
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The insurer has renewed separate three and five-year arrangements.
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The appointment comes after the departure of Mark Benbow, who is joining Westfield.
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The move marks a return to underwriting for Michelle Boyd, who worked at Axa XL and HDI.
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The carrier’s lower hurricane exposure was driven by portfolio exits and optimisation.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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