QBE
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QBE is the latest (re)insurer to halt cover and pull investments from projects involving the fossil fuel.
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Jamie Bowes will establish a Melbourne-based aviation team.
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The newly created position is part of QBE’s Integrated Advantage for Healthcare platform.
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CEO Richard Pryce sees the biggest improvement in the London market. -
The wider insurance group swung to a $390mn profit as its “back to basics” turnaround plan took effect.
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The role reflects the carrier’s creation of a new international division, which sits above the Asian operation.
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David Duclos’ appointment reflects CEO John Neal’s geographical rethink.
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The ratings action followed QBE’s announcement that it struck a deal to sell the Puerto Rico unit.
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The loss aggregator says the December event will rank as one of the worst hailstorms on record for Australia
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Dye replaces retiring UK director Ball.
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News of the divestments coincides with a programme to shave $200mn off costs by 2021.
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Buyer Great Eastern expects to close the deal in the first half of next year.
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