QBE
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The underwriter is a recognised market leader in a number of segments, including builders' risks.
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QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.
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The announcement came after Australian Securities and Investments Commission said it had been investigating insurers’ exposure.
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QBE is said to be a fourth potential bidder.
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Plus the inside story on the Helios Ray crash and all this week’s top news.
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Current group CUO Jason Brown is to leave after almost two decades with the carrier.
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The four major developments of the week include:
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Peel Hunt and Jefferies analysts are reassured by calibre of the outgoing CEO’s internal replacement.
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CUO Adrian Cox will take over as CEO of the London-listed carrier next month, accelerating a move that was widely expected to happen at some point.
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Yosha DeLong will be cyber underwriting head, whilst James Tuplin will be international head of cyber underwriting.
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The carrier reported “significant claims provisions” following the judgement in the FCA BI test case.
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Gross written premiums at the carrier’s North American segment grew by 9% to $4.7bn.
