QBE
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The reinsurer has also appointed Greg van der Made as treaty underwriter and David Cary as underwriting manager. -
Arsonists attacked a chemical warehouse owned by Indian manufacturer UPL last month, amid social unrest in the country.
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Jim Fiore’s responsibilities will be divided between two UK colleagues, sources indicated.
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QBE, Argenta and Blenheim syndicates also plan significant growth to capitalise on market conditions.
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The carrier booked above-budget cat losses of $462mn due to Uri and Australian flooding.
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The underwriter will report to head of product leaders for Europe, Stephanie Cryer.
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The underwriter will be responsible for managing the existing portfolio and pursuing strategic growth.
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The carrier is introducing a tool that allows leaders to "continually understand and check pay and progressions of their teams based on ethnicity and gender".
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The Financial Conduct Authority’s latest release on UK claims data for Covid-related BI losses shows an acceleration of acceptances during June.
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The CEO also laid out QBE’s strategy and urged the market to work together on innovation.
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The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
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The loss portfolio transfer gave an exit solution to investors in the ILS-backed legacy fund.
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