QBE
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Pressure grows on firefighters after a brief cool period over Christmas. -
The 2019 combined ratio is expected to be above the targeted upper limit of 96.5 percent.
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The flagship facility retains QBE and Axa XL for 2020 participation.
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Abdallah Balbeisi will take on the role of Middle East and Africa head from May next year.
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Charles Cygal, formerly of Ironshore Insurance, takes the role.
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The carrier has also cut its North American primary D&O exposure by 35 percent.
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The CEO also said QBE had reduced its exposure to financial lines as a result of heightened claims activity.
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The restructure of the group’s reinsurance programme led to an increase in the net cost of large losses.
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QBE has appointed Todd Jones to lead its North American operation, succeeding Russ Johnston.
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The trade credit InsurTech’s policies were previously underwritten by Great Lakes Insurance, with whom it partnered in 2017.
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Jose Ramon Gonzalez will report directly to chairman and CEO Dino Robusto.
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Mizzi succeeds Ed Pulkstenis, who will transition to a new role.
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