QBE
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The Next Gen platform is expected to be completed in February. -
QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.
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The Australian carrier is pursuing a strategic buildout of its operations on the continent.
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The firm’s exposure to the Ukraine-Russia conflict, as well as a loss portfolio transfer, were confirmed in a performance update.
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A restructure will see a global product leader appointed for all QBE Re’s business lines.
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QBE is targeting strategic growth in its Continental operations with the appointment of Beatriz Valenti.
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The Australian carrier will stop providing cover in the country from 1 July.
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In her new role, she will report Chris Wallace, executive director of UK insurance.
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Current casualty leader Tim Barber will take over the US treaty role on an interim basis.
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All the new appointments are based in London and report to Carly Eveniss, portfolio manager, commercial financial lines.
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The syndicate noted that it was exposed to political violence, political risk and marine classes within Ukraine.
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The carrier is focused on maintaining balance across its portfolio and is growing more in specialty reinsurance than property cat.
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