QBE

The process provides further evidence of larger deal sizes becoming more frequent in the legacy space.

The OS 35 has P&I coverage in place with QBE’s British Marine, which will shoulder clean-up costs from the incident.

Bernd Luckey’s appointment comes amid a number of senior moves within the construction market.

Chris Killourhy joined QBE in June 2015 and has held several roles in the company, including chief actuarial officer and CFO of QBE’s Australia Pacific division.

Cat claims for the half amounted to $175mn including the impact of the Ukraine conflict.

The carrier said the movement was driven by unfavourable bond performance and reserve deterioration.

The carrier is working with the ASIC after a review found evidence of unfair policy pricing.

Leroy Hobson has more than 25 years’ experience in the surety market, having held head of surety roles at Zurich, Chubb and Aon.

The company also promoted Jane Farren to vice president of US financial and professional lines and made permanent Tim Barber’s role as general manager for North America.

The Next Gen platform is expected to be completed in February.

QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.

The Australian carrier is pursuing a strategic buildout of its operations on the continent.