QBE
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The global insurer also announced a $200mn cost-saving programme. -
The change comes as more firms seek trade credit cover as demand increases owing to economic uncertainty.
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‘Tsunami of data’ on commercial property set to raise underwriting performance.
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Butcher, d’Alessandro and Hunt have left the business.
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Stamp movements show the aftermath of this year’s tough planning season.
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Having already agreed to sell the bulk of its LatAm operations to Zurich in February, QBE is now in talks to divest its Puerto Rican operation.
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The carrier first wrote the full limit of the aggregate deal in 2015.
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Lessman will run transactional liability while Meade will head FI.
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The Insider 50 rose 0.5 percent last week to reach 1,155.8 index points.
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The executive joins from Marsh, where she was CEO for Hong Kong.
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The ex-QBE CEO’s experience of restructuring and dealing with profitability challenges could stand him in good stead at the Corporation.
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The Corporation says John Neal will begin in the role on 15 October.
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