QBE

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.

The firm’s exposure to the Ukraine-Russia conflict, as well as a loss portfolio transfer, were confirmed in a performance update.

A restructure will see a global product leader appointed for all QBE Re’s business lines.

QBE is targeting strategic growth in its Continental operations with the appointment of Beatriz Valenti.

The Australian carrier will stop providing cover in the country from 1 July.

In her new role, she will report Chris Wallace, executive director of UK insurance.

Current casualty leader Tim Barber will take over the US treaty role on an interim basis.