QBE Re reorganizes its structure and changes senior management
QBE Re, the reinsurance arm of global insurer QBE Insurance Group, has announced significant changes to its organizational structure as part of a strategy to further align and unify the business under the leadership of Chief Executive Steve Postlewhite.
QBE Re will now coordinate the underwriting of all its products, Property, Casualty, Accident and Health, Specialty and Life reinsurance, at all the sites where it operates.
He says the new structure is designed to respond to and better reflect current market dynamics.
At the same time, a number of senior management changes were also announced, including the appointment of Peter Wilkins to the newly created position of Chief Underwriting Officer, QBE Re.
In his new role, Wilkins will take charge of underwriting performance, strategy and planning. He is based in London and will continue to report to Steve Postlewhite.
As part of the new structure, a Global Product Manager has been appointed for each of QBE Re’s business lines, reporting to Peter Wilkins.
These include Paul Horgan as Property Manager, Tim Barber as Damages Manager, Simon Parkinson as Accident and Health Manager, Shane Lawlor as Specialty Manager and Bruno Guelle as as responsible for life.
Global Product Leaders will be responsible for providing underwriting governance and oversight for each product globally.
QBE Re explained that local offices in London, New York, Dubai, Bermuda and Europe (Brussels and Dublin) will continue to be led by a Managing Director who is responsible for strategic development, growth initiatives and delivery. P&L in each site, working closely with the CUO and global product leaders.
“We continue to see tremendous growth opportunities across the products we offer,” commented Steve Postlewhite, Managing Director of QBE Re.
“Our new structure will allow us to achieve our strategic ambitions of sustainable growth. Our goal is to create a QBE Re that is easier to do business with and create a more globally consistent experience for our customers as our teams work more collaboratively across all of our offices,” a- he continued.
“QBE Re is a solid company, but to achieve our aspirations, we must continue to adapt and evolve to meet the changing needs of our customers. This is a crucial step in this process.
Commenting on the senior management changes, Postlewhite added: “There is huge untapped potential at QBE Re and we believe that with the right culture, structure and operational approach, QBE Re can succeed among the biggest and best in the business. . .”
“We are reorganizing ourselves in a recognizable way in the market and bringing together the elements that make up QBE Re into a cohesive whole to act as customers expect. As a connected company, we will be able to change the way we negotiate and interact with brokers and clients. We will approach these conversations with confidence – proud of our proposition and our approach.”