QBE

At a group level, the carrier booked $905mn in cat losses from Uri, Ida, Bernd and Seroja.

Participants have committed to transition underwriting portfolios to net zero by 2050.

Tim Pembroke will retire at the end of March after more than 24 years with QBE.

The reinsurer is expanding its Bermuda presence under the leadership of Tracey Gibbons.

The carrier has promoted Sebastian Weaver to head of sustainable energies to run the new unit.

The agreements will see QBE provide capacity over the next three years for Pen’s RMP business in the UK, and its P&C proposition for the hazardous goods and environmental sector.

Staff movement in the line of business has remained high amid firm market conditions coming into 2022.

Under the partnership, Evo Surety will be able to issue guarantees up to £750,000 on behalf of QBE.

Brid Reynolds will be responsible for the oversight and development of risk functions globally.

Chris Wallace has worked at the Australian carrier since 2008 in several senior positions.

Steve Manwaring has resigned as manager of the carrier’s European surety operations and has been replaced Tom Johnson, who has been promoted to UK surety manager.

QBE Europe’s new chief customer officer Andy Besant will report to Cécile Fresneau, managing director for insurance.