QBE
-
Nicola Schroder was head of environment and transition.
-
The carrier is hiring after Simon Parkinson left to join start-up RedRiff.
-
Catalina Romero and Iain Bird have been added to the trade credit team.
-
Combined ratios have improved as prices rise and investments return to profit.
-
The underwriter will report to Kristina Maffit.
-
Coppola was also a member of the NA exec management board.
-
Shallow will also become joint active underwriter for Syndicate 2999.
-
Finan was VP of construction and infrastructure at Marsh.
-
The Australian insurer will have $1.7bn of core XOL cover this year.
-
The international business grew premiums by 17%.
-
The carrier has been hiring after the launch of a new specialty practice.
-
The A&H reinsurance underwriter was launched by Peter Wilkins at the end of last year.
-
The carrier is rebuilding its energy underwriting team after a number of staff departures.
-
Rice has been appointed as senior underwriter and head of business development for Europe.
-
Carmen DeSilva will help build out QBE Re’s Bermuda specialty reinsurance business.
-
Salvatore Sama has been named global product head for casualty, while Jane Farren has been named global head of financial professional lines.
-
Andrew Guarnori joins from Swiss Re, while Ashish Ahluwalia was previously head of reserving.
-
RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.
-
The broker said that cat losses were around $950mn in the year to October.
-
Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018.
-
Agarwal joined QBE in 2019, and most recently served as group head of underwriting performance.
-
Investigations have revealed more damage than first thought from the July explosion.
-
The international unit experienced an average renewal premium rate increase of 9.4% during the first half.
-
The carrier said it anticipated central estimate developments of around $180mn, including $40mn of crop adverse development.
-
Peter Wilson brings more than 40 years’ experience in the insurance industry.
-
The Mexican state-owned oil company has been the source of several large energy claims.
-
The carrier has hired Melanie Mason from Liberty Mutual to replace Lisa Wolfe as property underwriting manager in Canada.
-
There is stiff competition in the renewables space as carriers look to establish positions in a growth market.
-
The executive will work as director of underwriting for the specialty casualty division.
-
The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.
-
QBE Re said it was investing in the business with the creation of three new roles.
-
The Net-Zero Insurance Alliance has been urged to overhaul its objectives as the string of high-profile carrier departures continues.
-
The firm noted prior-year development on cat events that primarily occurred in late 2022.
-
AM Best also affirmed the financial strength rating of A (Excellent) and the long-term ICR of the group.
-
Cook will be responsible for building more effective customer and broker relationships and managing strategic partnerships with retrocessionaires.
-
The underwriter will be based in southern California and lead global strategy in cyber for the insurer.
-
Plus the latest executive moves and all the top news of the week.
-
Sir Keith Skeoch takes over from Tim Ingram, who has retired after nine years as chairman.
-
The cross-line facility launch – in a generally firm market – suggests that the tech-driven era of facilitisation is continuing to gain pace.
-
The facility will be the largest to launch since Aon Client Treaty in 2016.
-
The underwriter will work on developing the Bermuda platform and strengthening the global property proposition.
-
The deal includes a diversified book of international and NA financial lines, European and NA reinsurance portfolios, and several US discontinued programs.
-
The syndicate said that claims were “marginally worse” than expected in 2022, but manageable.
-
The result represented a 4.2-point deterioration from previous mid-point forecasts.
-
Erica Kofie and David Warr move up in the cyber team.
-
The group restructured its aggregate reinsurance protection and simplified the top layers of its main cat treaty.
-
The deal regards international and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
-
The carrier’s D&I data showed that the mean gender pay gap fell in 2022, although it acknowledged there was more work to do on its ethnicity representation.