QBE

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.

More rain is forecast for Auckland, with three 'heavy rain warning – red' notices issued today.

Among other promotions, Seb Rice has been appointed commercial head of trade credit.

The firm’s family-leave policy now allows UK employees to receive 26 weeks at normal basic salary for both paternity and maternity leave and up to 52 weeks of parental leave.

Based in North America, Julie Wood will lead QBE’s global distribution capabilities.